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20-25% for the management team? Perhaps MBA's aren't as "useless" as some folks preach they are. Just being qualified to be one part of this team puts you on an
by old-gregg 18y ago
20-25% for the management team? Perhaps MBA's aren't as "useless" as some folks preach they are. Just being qualified to be one part of this team puts you on an equal footing with founders in a startup after 4 rounds. Damn...
Who are these people? I am assuming that CEO/CTO are the founders, then you recruit COO, a VP of marketing, perhaps VP of business development... who else? Do these 3 new folks grab 20% of the company in addition to being paid salaries?
- vaksel 18y agosince they say its a late stage play, my guess the founders are pretty much kicked to the curb by this point. So CEO is most likely in play.
- atarashi 18y agoHe probably means management team + other employees. Isn't the total employee option pool about 20%?
- lacker 18y agoYes - in the comments he states the 20-25% includes all employees.