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I would think that as CTO he would have at least 1% equity [1]. If that's the case then he has increased his net worth by about $20m. <also pure speculation>
by malanj 13y ago
I would think that as CTO he would have at least 1% equity [1]. If that's the case then he has increased his net worth by about $20m.
<also pure speculation>
[1] http://www.askthevc.com/wp/archives/2007/06/what-are-typical-compensation-numbers.html http://www.askthevc.com/wp/archives/2007/06/what-are-typical...
- valarauca1 13y ago"Compensation for positions." Was meant to imply, signing bonus and stock options. Which would include stock options.
- codemonkeymike 13y agoTo jump on the pure speculation band wagon, I've herd from 1-5% for CTO's after 8 digit VC investments. Jason Roberts (Co-host of techzing) once said he was offered >1% <10% (but more towards the low side) equity for a CTO position after series A funding in Uber.
- amarcus 13y agoExcept it will most likely vest over a period of a few years as opposed to getting the full 1% upfront. I don't think he will be able to quit his job now and walk away with the cash - he will most likely need to remain employed at FB until it all vests.