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Disclaimer: I provide co-founder advice for a living [1], so take this with a grain of salt I can see a couple of scenarios playing out here, here is the one t
by alain94040 12y ago
Disclaimer: I provide co-founder advice for a living [1], so take this with a grain of salt
I can see a couple of scenarios playing out here, here is the one that I think applies to you, but let us know if something else is going on:
That new person is mostly a sales person and you expect them to grow a fairly new product which is independent from your existing business. Fine. It's ok for them to have a huge incentive plan, where they earn most (half) of the profits of that new product. Compensation: decent base in cash, huge cut of sales, a small piece of equity (always vesting of course)
[1] http://foundrs.com http://foundrs.com
- dalerus 12y agoWow your site has some great resources, thanks! He's not really a sales guy, most of our sales are high touch, and very technical. So I am the guy that handles all of that. I would put him more on the marketing/strategy side of things.