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How Much Should You Pay a Startup CTO?
Manage episode 341996394 series 2947913
We were recently asked by a friend what a startup CTO's salary should be for a company with little to no revenue.
Peter and Jon decided to ask their network what "fair" compensation would be. Please remember that most individuals were making a recommendation only on partial information.
We presented the following to each individual.
What are the current terms for a Startup CTO?
- He makes $200,000 with $50,000 in equity and other benefits at his current job
- He’s willing to take a salary of $150,000
- The startup just raised $1M from a “notable” VC
- No details on the $1M raise is known
- Revenue is $5,000 MRR or less
The startup is asking him to make an offer.
I told them to put it back on them, and for him to also ask about:
- Total shares outstanding
- Details on the current cap table
- Current price for common stock
Venture Capital Podcast
Website: www.VentureCapital.fm
Apple Podcasts: https://podcasts.apple.com/us/podcast/venture-capital/id1575351789
Spotify: https://open.spotify.com/show/7BQimY8NJ6cr617lqtRr7N?si=ftylo2qHQiCgmT9dfloD_g
YouTube: https://youtube.com/channel/UCtPaub_8VrJ8gWj5RXcdYkw
Instagram: https://instagram.com/venturecapitalfm?igshid=YmMyMTA2M2Y=
Peter Harris
University Growth Fund: https://www.ugrowthfund.com/
Instagram: https://instagram.com/shodanpete?igshid=YmMyMTA2M2Y=
Twitter: https://twitter.com/thevcstudent
YouTube: https://youtube.com/channel/UCAHrQUxcm_Oa1t3emwttpAQ
Jon Bradshaw
Instagram: https://www.instagram.com/mrjonbradshaw/
Twitter: https://twitter.com/mrjonbradshaw
79 حلقات
Manage episode 341996394 series 2947913
We were recently asked by a friend what a startup CTO's salary should be for a company with little to no revenue.
Peter and Jon decided to ask their network what "fair" compensation would be. Please remember that most individuals were making a recommendation only on partial information.
We presented the following to each individual.
What are the current terms for a Startup CTO?
- He makes $200,000 with $50,000 in equity and other benefits at his current job
- He’s willing to take a salary of $150,000
- The startup just raised $1M from a “notable” VC
- No details on the $1M raise is known
- Revenue is $5,000 MRR or less
The startup is asking him to make an offer.
I told them to put it back on them, and for him to also ask about:
- Total shares outstanding
- Details on the current cap table
- Current price for common stock
Venture Capital Podcast
Website: www.VentureCapital.fm
Apple Podcasts: https://podcasts.apple.com/us/podcast/venture-capital/id1575351789
Spotify: https://open.spotify.com/show/7BQimY8NJ6cr617lqtRr7N?si=ftylo2qHQiCgmT9dfloD_g
YouTube: https://youtube.com/channel/UCtPaub_8VrJ8gWj5RXcdYkw
Instagram: https://instagram.com/venturecapitalfm?igshid=YmMyMTA2M2Y=
Peter Harris
University Growth Fund: https://www.ugrowthfund.com/
Instagram: https://instagram.com/shodanpete?igshid=YmMyMTA2M2Y=
Twitter: https://twitter.com/thevcstudent
YouTube: https://youtube.com/channel/UCAHrQUxcm_Oa1t3emwttpAQ
Jon Bradshaw
Instagram: https://www.instagram.com/mrjonbradshaw/
Twitter: https://twitter.com/mrjonbradshaw
79 حلقات
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