Obviously a great story and he does sound like quite a class act.<p>However, I strongly disagree with building a company that lacks proper equity distribution for employees. A lot of the culture problems he alluded to could have been prevented by keeping the team smaller and increasing team ownership.<p>It's great to be a founder and own 100%. But I'm not sure it's smart to build companies where people aren't on the same page when it comes to owning the creation they build together.
Wow, what a champ! Put that capital into a fund that will be redistributed to music education when he dies. No interest in material wealth... keeps his life simple, focused, and open.
Wow I thought Galant stopped making this show. Its has been so long since the last episode but it is nice to have it back. This is a solid podcast and much can be learned from the people he has on and their stories of success and failure.
"I let the CFO choose the profit-sharing plan and blindly trusted her choice, until 6 months later my accountant showed me it was giving almost all net profits back to the employees, and had doubled most people's salaries."<p>How could a business owner be ignorant of policies for a full 6 months? Wasn't his signature required to implement the plan in the first place?