The shape of it: 25% of audited net operating profit, distributed pro-rata across all operators on the cap table, weighted by tenure and FTE. We will show you the spreadsheet during the offer. It is a pretty spreadsheet.
The cadence: quarterly trues-up against a year-end audited figure. Q4 settles in February once the books close. Yes, the wire is real. Yes, you can plan around it. Yes, it is taxable, please retain a competent accountant, we will recommend three.
What's deducted before the share is calculated: actual operating costs, R&D, debt service, and a small reserve we keep so the company never has to make a desperate decision in a bad month. That's it. There is no "founder discretionary," no "strategic carve-out," no opaque waterfall. The formula is the formula, and we will walk you through it line by line.
Profit-share is not a bonus. It is a co-ownership dividend. The distinction matters: a bonus is a gift. A dividend is something you earned by being on the cap table when the value was created. You're on the cap table. You earned it.
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