Startup Professionals Musings

SEPTEMBER 10, 2018

You need to find the skills or experience you don’t have in business, technology, or money. Giving a co-founder a salary won’t get you the “fire in the belly” you want. Even with an agreed initial equity split, it’s smart to have Founder’s stock actually issue or vest over a period of at least two years, on a month-by-month basis.

Equity 238

Equity Cofounder Technical Cofounder Intellectual Property 238

Startup Professionals Musings

AUGUST 4, 2014

You need to find the skills or experience you don’t have in business, technology or money. Giving a co-founder a salary won’t get you the “fire in the belly” you want. Even with an agreed initial equity split, it’s smart to have founder’s stock actually issued or vested over a period of at least two years, on a month-by-month basis.

Cofounder 261

Cofounder Stock Founder Technical Cofounder 261

Startup Professionals Musings

JULY 1, 2022

By the way, you will normally only be offered “options,” which vest over a 4-year period after a 1-year “cliff.” CEO brought in to replace the founder, 5 - 10% CTO, CFO, VP of Marketing or Sales, 1.5 - 3% Chief Engineer or Architect, 1 - 1.5% Your compensation is the total package of stock plus salary plus benefits.

Stock Options 343

Stock Options Advisory Board Stock Startup 343

The Next Web

OCTOBER 7, 2013

It is typical for employees to vest their options over four years with a one year cliff, which means a new hire must stay on the company for at least one year to see any shares. After a year, shares will vest in monthly or quarterly splits until the full grant is vested. percent to 3 percent range for engineer #1s.

Engineer 129

Engineer Dilution Option Pool Vesting 129

Startup Professionals Musings

AUGUST 24, 2016

You need to find the skills or experience you don’t have in business, technology, or money. Giving a co-founder a salary won’t get you the “fire in the belly” you want. Even with an agreed initial equity split, it’s smart to have Founder’s stock actually issue or vest over a period of at least two years, on a month-by-month basis.

Equity 120

Equity Cofounder Technical Cofounder Intellectual Property 120

Steve Blank

OCTOBER 24, 2017

If the founder was lucky, he got to stay as chairman or CTO. In the 20th century the only way the founder made any money (other than their salary) was when the company went public or got sold. The founders along with all the other employees would vest their stock over 4 years (earning 1/48 a month). Some have no cliff.

Founder 245

Founder Technical Review CTO Hire IPO 245

The Next Web

NOVEMBER 20, 2013

So, a CEO or CTO, would get a much higher stake than an office manager or a graphic designer, as an example. Is this person taking a salary or not? People that are not taking a salary, should also get a premium stake. How important is this person’s role? Key executives should get a premium stake over non-key executives.

Cofounder 136

Cofounder Equity Founder Seed Stage 136

Startup Professionals Musings

SEPTEMBER 25, 2019

By the way, you will normally only be offered “options,” which vest over a 4-year period after a 1-year “cliff.” CEO brought in to replace the founder, 5 - 10% CTO, CFO, VP of Marketing or Sales, 1.5 - 3% Chief Engineer or Architect, 1 - 1.5% Your compensation is the total package of stock plus salary plus benefits.

Equity 237

Equity Stock Options Advisory Board Stock 237

Both Sides of the Table

MARCH 10, 2013

He believed we had a weakness with his CTO. Another $100,000 in drained money (salary plus benefits of just one poorly contributing individual). The CTO had at-will employment with no notice period. He had vested 18 months or so. About a year ago I was working with a team whose performance had not gone as expected.

Vesting 344

Vesting Cofounder Salary Sales 344

Startup Professionals Musings

OCTOBER 21, 2017

By the way, you will normally only be offered “options,” which vest over a 4-year period after a 1-year “cliff.” CEO brought in to replace the founder, 5 - 10% CTO, CFO, VP of Marketing or Sales, 1.5 - 3% Chief Engineer or Architect, 1 - 1.5% Your compensation is the total package of stock plus salary plus benefits.

Stock 140

Stock Stock Options Advisory Board Startup 140

Startup Professionals Musings

OCTOBER 17, 2013

By the way, you will normally only be offered “options,” which vest over a 4-year period after a 1-year “cliff.” CEO brought in to replace the founder, 5 - 10% CTO, CFO, VP of Marketing or Sales, 1.5 - 3% Chief Engineer or Architect, 1 - 1.5% Your compensation is the total package of stock plus salary plus benefits.

Stock Options 224

Stock Options Stock Advisory Board Startup 224

thinkspace.com

SEPTEMBER 7, 2012

How long should people vest – four years? Investors routinely subject founder shares to vesting, but there is no rule that says that founders cannot, or should not, impose vesting on themselves. And the vesting doesn’t necessarily need to be time-based either. The salary offered (and accepted) was quite low.

Equity 62

Equity Employee Founder CTO Hire 62

www.avc.com

SEPTEMBER 22, 2011

The first bracket is the senior management team; the CFO, Chief Revenue Officer/VP Sales, Chief Marketing Officer/VP Marketing, Chief Product Officer/VP Product, CTO, VP Eng, Chief People Officer/VP HR, General Counsel, and anyone else on the senior team. Director Level: 0.25x.

Equity 64

Equity Employee CTO Hire Fractional CTO 64

Startup Professionals Musings

SEPTEMBER 22, 2012

By the way, you will normally only be offered “options,” which vest over a 4-year period after a 1-year “cliff.” CEO brought in to replace the founder, 5 - 10% CTO, CFO, VP of Marketing or Sales, 1.5 - 3% Chief Engineer or Architect, 1 - 1.5% Your compensation is the total package of stock plus salary plus benefits.

Stock Options 230

Stock Options Stock Advisory Board Startup 230

Startup Professionals Musings

JULY 24, 2011

By the way, you will normally only be offered “options,” which vest over a 4-year period after a 1-year “cliff.” CEO brought in to replace the founder, 5 - 10% CTO, CFO, VP of Marketing or Sales, 1.5 - 3% Chief Engineer or Architect, 1 - 1.5% Your compensation is the total package, stock plus salary.

Equity 234

Equity Advisory Board Stock Options Stock 234

Startup Professionals Musings

MARCH 29, 2015

By the way, you will normally only be offered “options,” which vest over a 4-year period after a 1-year “cliff.” CEO brought in to replace the founder, 5 - 10% CTO, CFO, VP of Marketing or Sales, 1.5 - 3% Chief Engineer or Architect, 1 - 1.5% Your compensation is the total package of stock plus salary plus benefits.

Stock Options 120

Stock Options Stock Advisory Board Startup 120

Startup Professionals Musings

JUNE 20, 2010

By the way, you will normally only be offered “options,” which vest over a 4-year period after a 1-year “cliff.” CEO brought in to replace the founder, 5 - 10% CTO, CFO, VP of Marketing or Sales, 1.5 - 3% Chief Engineer or Architect, 1 - 1.5% Your compensation is the total package, stock plus salary.

Stock 144

Stock Stock Options Advisory Board Startup 144

www.quora.com

SEPTEMBER 22, 2011

Early employees are paid a salary from day 1, don't have to have the reputation/connections to raise money, take on much less risk, and often have much more information about the company (team so far, financials, product traction/progress) when they decide to join than the founders do when they found the company.

Equity 40

Equity Employee Founder Cofounder 40

www.chubbybrain.com

SEPTEMBER 28, 2011

So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders.”. created a vastly higher cost structure; I had 80 people mostly on base salaries under $100,000 and was bringing in revenue at the rate of $20 million annually. During this year they. 3 – Not the right team.

Cofounder 89

Cofounder Startup Technical Cofounder CTO Hire 89

blog.expensify.com

APRIL 24, 2012

I think the real moral of this story is, (1) if you want to work at a startup, make sure the CTO cares about problem solving and not technology religion, (2) if you’re cooking steaks on a gas grill and you see your CTO warming up a dead squirrel over a book of matches, starting looking for a new job.

Java 107

Java PHP Software Review Coder 107