11 min listen
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)
How to Get and Keep a VC's Attention: We are discussing the tricks and tips to get a VC's attention and keeping it. If you want to reach out a VC, listen to this podcast first. by Venture Capital