Envato co-founder Collis Ta’eed is set to step down as chief executive of the startup he started 14 years ago, and as a parting gift, he’s dished out a record $3.75 million to employees through the startup’s 20% profit-sharing scheme. Envato was founded back in 2006 and since then, it’s been bootstrapped and profitable since day one, and has grown into one of Melbourne’s most revered tech startups.
Check Collis’ forum post announcing his decision here: https://forums.envato.com/t/i-m-stepping-down-as-ceo-of-envato-and-moving-to-the-envato-board/326691
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