Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

How Much Should You Pay a Startup CTO?

How Much Should You Pay a Startup CTO?

FromVenture Capital


How Much Should You Pay a Startup CTO?

FromVenture Capital

ratings:
Length:
37 minutes
Released:
Sep 23, 2022
Format:
Podcast episode

Description

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 lessThe 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 stockVenture Capital PodcastWebsite: www.VentureCapital.fmApple Podcasts: https://podcasts.apple.com/us/podcast/venture-capital/id1575351789Spotify: https://open.spotify.com/show/7BQimY8NJ6cr617lqtRr7N?si=ftylo2qHQiCgmT9dfloD_gYouTube: https://youtube.com/channel/UCtPaub_8VrJ8gWj5RXcdYkwInstagram: https://instagram.com/venturecapitalfm?igshid=YmMyMTA2M2Y=Peter HarrisUniversity Growth Fund: https://www.ugrowthfund.com/Instagram: https://instagram.com/shodanpete?igshid=YmMyMTA2M2Y=Twitter: https://twitter.com/thevcstudentYouTube: https://youtube.com/channel/UCAHrQUxcm_Oa1t3emwttpAQJon BradshawInstagram: https://www.instagram.com/mrjonbradshaw/Twitter: https://twitter.com/mrjonbradshaw
Released:
Sep 23, 2022
Format:
Podcast episode

Titles in the series (82)

A podcast about venture capital, and what is happening each week. We discuss who is getting funded. Why specific companies were funded and much more relating to who the next big unicorn will be.