101: Dan Price, CEO of Gravity Payments

What this episode covers

I'm very honored and elated to welcome today's guest, Dan Price. He is the man of the moment. I'm sure you've read about him and his incredible decision. As the founder and CEO of Gravity Payments, a credit card processing firm, he recently announced raising his company minimum wage to $70,000 per year and himself taking a $930,000 pay cut · from 1 MM to $70K. Dan is not your typical CEO. His leadership has earned him multiple awards, including the 2014 Seattle Business CEO Excellence Award, 2013 Entrepreneur Magazine·s Entrepreneur Of 2014 and 2010 SBA National Young Entrepreneur Of The Year Award! He was also featured in countless media, including Forbes, Business Week, and CNBC, among others. Dan started his company almost a decade ago when he was 19 years old out of his dorm room at the Seattle Pacific University with the seed money from his brother. Three takeaways from our interview: ·What he says to some skeptics that his pay raise is short-sighted and won·t necessarily lead to more productivity. ·How this salary shift will impact Dan·s life·remember his salary is going from 1MM to $70k. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

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Frequently Asked Questions

How long is this episode of So Money with Farnoosh Torabi?

This episode is 27 minutes long.

When was this So Money with Farnoosh Torabi episode published?

This episode was published on April 22, 2015.

What is this episode about?

I'm very honored and elated to welcome today's guest, Dan Price. He is the man of the moment. I'm sure you've read about him and his incredible decision. As the founder and CEO of Gravity Payments, a credit card processing firm, he recently...

Can I download this So Money with Farnoosh Torabi episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.