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Lots of interesting tidbits in here, not least that Armon Dadgar, who basically built most of the their revenue generating software, is paid considerably less t
by jaxxstorm 5y ago
Lots of interesting tidbits in here, not least that Armon Dadgar, who basically built most of the their revenue generating software, is paid considerably less than their CRO.
- sam0x17 5y agoAlso interesting to learn that a CRO is a thing. I swear there is a new C-level title invented every few seconds.
- deleted 5y ago[deleted]
- toomuchtodo 5y agoIt’s really just formalizing and enterprising a lead growth role.
- paxys 5y ago"Lead growth hacker" doesn't convey the same amount of prestige
- mateo411 5y agoIt turns out that Revenue is important, which means that there is a C level role to make sure that a company's revenue outlook is good.
- awad 5y agoIt's actually a very common role that encompasses far more than the traditional "head of sales" role
- mikeyouse 5y agoThat's often the case when they have to bring a new executive on for the latter years of a company before going public... Look at page 174 though, Armon owns over 18M shares, the CRO owns 400k. Assuming a share price of even $10/share, the $4M difference in 2021 comp will swing slightly in Armon's direction when his equity stake is worth $175M more than the CRO's.
- jedberg 5y agoBased on their last valuation, Armon's shares should be worth around $550,000,000.
- mikeyouse 5y agoHoly smokes.. Yeah, I didn't have a basis for the $10/share, it was just a random number since I didn't have valuation detail... but wow. So Armon's shares would be worth something like $535M more than the CRO's. I suspect he's okay making a bit less in W2 income this year!
- ryan93 5y agoFigure he brought in a major client.
- klelatti 5y agoHigher salary probably needed to attract the CRO to the role - not an issue for Armon.
- paxys 5y agoComparing salary is irrelevant when one person has a founder ownership stake while the other was hired as an employee a lot further down the line. Dadgar would be perfectly fine with $1/yr.
- boringg 5y agoYou are comparing salary when you should be comparing ownership. CRO has little ownership vs Armon who doesn't really care about his salary but rather the worth of his ownership position. Also you are comparing an owner vs an employee, not apples to apples.