Ownership for everyone drives value for everyone.
Audily
Meet Cohort 1 President Matt Wells
Building resilient and profit-driven businesses.
Audily President Matt Wells discusses the value of launching Audily, the studio experience, continued support, and the future of the Podcast and audiobook production industry.
Profit-Sharing & Equity Comp
nth Venture’s deep alignment philosophy allows us to build sustainable, disciplined businesses and reliably place world-class talent.
The academic literature is crystal clear when it comes to incentive alignment and we’re a living example of it.
Both in the studio and in our ventures, we unapologetically align incentives through profit-sharing and equity.
The result is all our people are intensely focused on organizational performance in ways that drive long-term value and minimize early costs.
The combination of our inertia-overcoming compensation structure with a seasoned studio staff and launch process has created a value-generation machine with our goal of widespread ownership at the heart.
It means true skin in the game, no your matter your level in the organization.
The Launch Process:
"Sam and the team have created a special sauce for building innovative new businesses." - David Wan
Retired Chairman & CEO
We don’t give tips and hold happy hours. We’re hands-on builders.
We start with ideas generated internally by the studio team, find the very best executives in the world to build them out, and spend six months supporting them as they build out an organic growth machine business.
Merchant Boxes
Moving and growing faster with nth Venture.
Cohort 1 President Doug Epperly discusses the value of launching Merchant Boxes, the studio experience, continued support, and the future of the packaging industry.
Why It Works
Strong Bias to Autonomy
Our incentive structure means we get to spend less time managing performance and more time building. Our teams work where, when, and on what makes sense. People deserve ownership not only in the places they work, but of their lives. We make certain they get both here.
Radical Incentive Alignment
We believe that tying pay to hours worked is an unfortunate vestige of the industrial revolution that isn’t a great fit for the modern working world. By compensating our people on a profit-sharing basis we unlock the extraordinary power of durable, high-performance teams.
Effective Support
We provide a top-flight working platform for great talent so they can focus on doing their life’s best work and build businesses that make an impact. Our functional support and shared services give our ventures more bandwidth to focus on being exceptional in their field.
Results to Date
Investing with us
Distinct Edge
nth Venture has the distinct advantage of continuously investing in startups built right here from scratch at day zero valuations.
We call it Cohort Commissioning.
By the Numbers
21 FTEs and 30 Advisory Board Members
Investors up an average 69%
3 out of 4 Cohort 1 businesses made their first sales before leaving the studio
Cohort business run rates at approximately $216k, $396k, and $407k
Our bootstrapped studio started with a $10,000 check and now has a portfolio worth $6,339,586
Standard cap table is 50% Equity Incentive Plan (10 year RSUs), 20% Treasury Shares, 15% Studio, 15% Cohort Investors.
All with zero VC investments.
Data as of 1.30.23 FMV estimates