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How much should you pay an executive in a startup company?
- vaksel 18y agoI'm guessing thats for late stage "startups" with millions in revenue, since I don't see anyone taking those numbers for an early stage company * CEO 5.40% * President/COO 2.58% * CFO 1.01% * Head of Technology/CTO 1.19% * Head of Engineering 1.32% * Head of Sales 1.20% * Head of Marketing 0.91% * Head of Business Development 1.23% * Head of Human Resources 0.24% * Head of Professional Services 0.60%
- markh 18y agoThat adds up to a pool of roughly 20% for management. That's the venture-backed world for you. Try taking 3 rounds and see where it leaves your equity! More telling are the equity stats by founder status (more detail in the post on mean and median, but here's the range): Non-founder CEO: 3.9%-6.5% Founder CEO: 8.3%-30% These figures might strike you as low, but if you take a look at the salaries these people pay themselves, it starts to make sense: Non-founder CEO: $205-$260 Founder CEO: $162-$229 As the CEO of a venture backed company, it seems you're not always in it for the equity... (more details of massive bonuses in the report too).
- yesimahuman 18y agoI think if you were still considered a startup your executive should only want to get paid enough to cover living expenses plus maybe a little more if you have revenue. Assuming they have a share in the company. After that are you even considered a startup?
- TweedHeads 18y agoYou shouldn't have executives in your startup.
- teej 18y agoNot even to raise your Series A?
- ivankirigin 18y agoMost YC companies have raised their Series A with the founders. Founders often transition to fine executives.