YoungUpstarts

AUGUST 31, 2020

Personal assistants are often hired to prepare decisions and information for managers and take care of miscellaneous tasks for busy executives and CEOs — who all earn higher incomes. Alternatively, individual VA contractors can be hired for a monthly salary, or workers for short gigs can be found via Fiverr or TaskRabbit.

Artificial Inteligence 214

Artificial Inteligence Mali Management Technical Review 214

Up and Running

NOVEMBER 9, 2015

But eventually, all successful businesses will have to start taking on employees, and that’s when the fun really begins. Before you get there, however, you have to actually complete the interviewing, hiring, and onboarding process. Their responses ranged from practical tips on hiring to what to look for in a first employee.

Hiring 60

Hiring Employee Technical Review Dividend 60

YoungUpstarts

OCTOBER 28, 2020

To begin again, to start anew, to have a fresh, blank slate — the corporate advantages of hiring entry level employees, strong professionals at their career beginnings, seem self-explanatory. In any economy, successful entry-level hiring is a crucial aspect of corporate success. The factors are manifold.

Hiring 264

Hiring Early Stage Non-Compete Salary 264

Steve Blank

MAY 19, 2015

Organizational debt is all the people/culture compromises made to “just get it done” in the early stages of a startup. While he kept bringing the conversation back to their big valuation I tried to steer the conversation back to how they were going to deal with: training the influx of new hires – in both culture and job specific tasks.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

Transformify

AUGUST 27, 2017

All of the above is true, but it is also true that many startups have failed because they hired too early, too fast, or fired too late. Many of the points below can be found among the best hiring practices for startups and there is nothing wrong with them in general. Then the hiring begins. Hire full-time employees.

Hiring 64

Hiring Software Review Burn Rate Startup 64

Up and Running

APRIL 12, 2018

Employees (include salaries and benefits, like insurance and retirement contributions). Clearly, hiring new team members is an expense, and running promotions means increased marketing expenses, and depending on the nature of the special, selling products at a reduced rate. Known expenses. Utility bills.

Forecast 77

Forecast Early Stage Software Review Technical Review 77

VC Cafe

JANUARY 14, 2022

The Israeli innovation authority deems the sector suffers from ‘ chronic employee shortage’ The battle for talent has meant that companies had to lure potential employees with billboards, influencer videos, referral schemes, etc. I commented on this to Israel21c in the early days of the tre nd.

Technical Review 158

Technical Review Lock-up Period South Korea 158

Up and Running

JULY 28, 2022

Generally, the size is based on the number of employees and annual receipts for a given period. Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500. According to the U.S.

Small Business 167

Small Business Intellectual Property Cofounder Software Review 167

Hunter Walker

MAY 13, 2023

Especially in the early days of mobile/iOS engineering, if you hired strong technical talent into your early stage company, you basically created an acquisition outcome floor. Those who do, often believe they can hire from the open market without the hassle of an acquisition.

Early Stage 117

Early Stage Cap Table Acquisition Sales 117

Austin Startup

MAY 8, 2018

Background reading: Founder Compensation: Cash, Equity, Liquidity Fatal Errors in Early Startup Hiring Early Hires: Options or Stock Given how deeply involved we are with early-stage startups hiring their first key employees, I figured it would be helpful to outline a few key principles to help entrepreneurs navigate the topic.

Employee 48

Employee Seed Stage Startup Equity 48

Both Sides of the Table

NOVEMBER 14, 2017

As a startup in this phase you often raise capital, get press, hire staff and everything feels possible. As an early-stage VC I love this phase. I always push companies to hire “an operationally focused CFO” during this phase because in order to systematize you need somebody who brings economic rigor to decision making.

Operations 286

Operations New York City Technical Review Startup 286

Transformify

OCTOBER 28, 2019

The ‘’Gig Economy’’ series sheds light on the future of work and the pros and cons of hiring freelancers and gig workers. Some early-stage startups rely on freelancers to optimize costs and extend the time until the next funding round. Why do you hire gig workers and freelancers?

Hiring 56

Hiring Technical Review Early Stage Agile 56

Up and Running

DECEMBER 1, 2015

If you’re thinking about extending equity to an employee or a vendor (as in the example above), you should know that the topic is multi-faceted. If however you are giving a “normal employee” an incentive stock option plan (more on that later), that’s entirely different. Finding great employees first. What is equity compensation?

Equity 60

Equity Employee Stock Options Vesting 60

YoungUpstarts

SEPTEMBER 25, 2019

Hiring your first employee is a bit of a rite of passage for start-ups. Many fledgling businesses consist of one person and their laptop, crammed into a small office space, and when you start thinking about hiring others to help out, it all becomes a lot more real. Your legal obligations. Learn about OSHA compliance.

Hiring 113

Hiring Employee Early Stage Salary 113

Berkonomics

SEPTEMBER 28, 2017

And then there are options: [Email readers, continue here…] Stock options or phantom stock are the tools of early stage businesses used to attract great talent when there is not enough cash to pay market rates. Each grant to new or existing employees must be approved by the board before issue. There are some rules.

Early Stage 102

Early Stage Equity Stock Options Vesting 102

Startup Professionals Musings

APRIL 10, 2016

Early stage burn rates over $50K per month, or a runway of less than six months may indicate an inefficient or desperate startup. One more key employee or one more investor will probably not turn the situation around. Calculate employee stock option values and vesting times, as well as salary.

Sweat Equity 120

Sweat Equity Burn Rate Technical Review Intellectual Property 120

Startup Professionals Musings

APRIL 8, 2015

Early stage burn rates over $50K per month, or a runway of less than six months may indicate an inefficient or desperate startup. One more key employee or one more investor will probably not turn the situation around. Calculate employee stock option values and vesting times, as well as salary. Marty Zwilling.

Technical Review 120

Technical Review Due Diligence Sweat Equity Burn Rate 120

ReadWriteStart

JUNE 14, 2012

Most businesses stay that way - there are many more solo entrepreneurs than business owners with employees. To learn more about how your startup can find, hire and keep the top talent and quality workers it needs to succeed, download this free ReadWriteWeb Report: The Talent Wars: Today’s Toughest Startup Challenge.

Technical Review 159

Technical Review CTO Hire Software Review Startup 159

The Next Web

OCTOBER 7, 2013

They were referring to non-founder engineers, most commonly the first hire for technology businesses. However, at the very early stage, they are taking as much risk with their future as the founders. Startup employees are granted common shares out of something called an option pool. Engineer #1?

Engineer 129

Engineer Dilution Option Pool Vesting 129

OnlyOnce

AUGUST 3, 2023

(Post 1 of 4 in the series of Scaling CPO’s) In most startups, the HR function starts out as tactical, because you have to get people hired and paid, and while you might have a founder or early-stage employee who can do these things, often these tasks are frequently outsourced to a PEO.

Hiring 62

Hiring Metrics Leadership Early Stage 62

Steve Blank

OCTOBER 10, 2011

They’ve stopped hiring the best talent, and startups are not looking so risky compared to large companies. You find early stage employees expecting to work normal hours, to get paid a regular salary, and not asking or expecting equity. Nokia was blind-sided in a classic disruptive innovation.

Finland 330

Finland Naming Russia Government 330

Both Sides of the Table

MAY 2, 2015

What I love about my job is getting to see teams of super-early-stage companies develop ideas that while raw have potential to make an impact on the market. For a well-funded seed company I have controversially recommended hiring a great office manager that doubles as an administrative assistant.

Operations 150

Operations Metrics Early Stage Non-Compete 150

YoungUpstarts

DECEMBER 21, 2016

Is it possible to get the same results as a hired pro? The average social media expert will expect a $40k – $60k salary. Mathur specializes in growth strategy and scaling operations for early-stage and rapidly-expanding online businesses, including eCommerce, digital marketing and technology.

Social Media 100

Social Media Cost Media Advertising 100

Both Sides of the Table

NOVEMBER 29, 2014

We had raised a $2 million seed round, which meant taking almost no salary so we could afford to hire staff. So even after raising a $16 million A-round I still paid myself a paltry salary. In fact, my salary never caught up with my pre startup salary across 2 companies and 8 years. They choose a different path.

Founder 409

Founder Salary Startup Early Stage 409

Both Sides of the Table

MAY 19, 2013

My internal compass has always steered me strongly toward the belief that founders who can scale with their startup companies are better to back that founders who eventually need to hire a CEO. For the entire first year after I funded the company he refused to take a salary and I had to admonish him to make sure he paid his expenses.

Technical Review 303

Technical Review Cofounder Analytics Founder 303

Up and Running

APRIL 29, 2021

It can be tough for entrepreneurs to attract and retain high-quality employees in the early stages. If they hope to hire a stellar workforce, they need to sweeten the proverbial pot with employee benefits. A retirement plan might be the one benefit you don’t think you need to provide employees right away.

Employee 81

Employee Small Business Early Stage Salary 81

View from Seed

AUGUST 6, 2015

When someone goes to work for a larger corporation or public company, the compensation package generally includes an annual salary, a performance bonus or commission plan, 401(k), and health insurance. Of late, I’ve encountered numerous potential startup candidates and newly hired employees who have no idea what their equity means.

Equity 120

Equity Employee Cap Table Stock Options 120

Steve Blank

MARCH 17, 2020

Large companies are sending employees to work at home. If you’re running a startup or small business, your first priority (after your family) is keeping your employees and customers safe. And how much are variable expenses (salaries, consultants, commission, travel, AWS/Azure charges, supplies, etc.?). is in order.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Hunter Walker

NOVEMBER 25, 2022

Once you’ve established that, and especially if there’s an opportunity to trade off cash compensation for equity [some startups will present two offers for you to choose from, or be open to some negotiation], figure out what your floor is for near-term salary. As an employee you can do similar math with a little help from the company.

Salary 56

Salary Burn Rate Dilution Equity 56

View from Seed

AUGUST 6, 2015

When someone goes to work for a larger corporation or public company, the compensation package generally includes an annual salary, a performance bonus or commission plan, 401(k), and health insurance. Of late, I’ve encountered numerous potential startup candidates and newly hired employees who have no idea what their equity means.

Equity 120

Equity Employee Cap Table Stock Options 120

Berkonomics

NOVEMBER 23, 2023

and here is the usual early-stage trap… First, a brand-new enterprise is often formed from the efforts of several “partners”, each with an expertise valued by the others. It is important to note that each grant to new or existing employees must be approved by the board before issue. Here are some rules.

Equity 62

Equity Stock Options Vesting Early Stage 62

www.drowningamerican.com

JUNE 22, 2012

Next → How we Hire for Sweat Equity (Part 2)… Posted on April 7, 2011 by Travis Biziorek. The first time we hired partners for Kibin was way back in late 2009. I’ve heard people say it’s impossible to hire good developers right now. I want to hire before I have the ability to pay anyone.

Sweat Equity 40

Sweat Equity Equity Hiring Technical Review 40

David Teten

JULY 25, 2017

Our long-term goal is to ensure that the best people can consistently find their calling within the HOF family, including identifying logical next career progression opportunities across different HOF companies when a rising employee does not have a logical next move within her current employer. Steve Newcomb offers a great example.

Portfolio 60

Portfolio Technical Review Private Equity Database 60

www.instigatorblog.com

OCTOBER 23, 2010

Changing Equity Structures for Early Startup Employees Tweet Recently someone asked me for advice on how much equity they should give to their early employees. His company had just closed an early round of funding and he wanted to cement the employee relationships. Those first employees will take 0.5-1%

Equity 41

Equity Employee Startup Vesting 41

www.drowningamerican.com

JUNE 22, 2012

Next → How to Hire for Sweat Equity…. Here is the original post: Early Stage Web Application Start-Up Seeking Developer/Designer. That being said the following is available to the right candidate: • 3-5% equity in the company (based on experience). • $50,000/year salary once we obtain funding (target: January, 2010).

Sweat Equity 40

Sweat Equity Equity Hiring Technical Review 40

ReadWriteStart

FEBRUARY 18, 2020

During the early stages of your business, it’s possible to rely on credit cards and the personal savings of startup founders as you get things up and running. You may reach a point where your startup needs more team members, but you don’t have the finances or stability to hire anyone full-time. Hire for Attitude.

Bootstrapping 145

Bootstrapping Startup Cofounder Angel Investor 145

www.quora.com

SEPTEMBER 22, 2011

Type to Add and Search Questions; Search Topics and People Startups Startup Compensation Entrepreneurship Compensation Stock Options Major Internet Companies Silicon Valley Why is there such a large founder to early employee equity drop-off? This answer. Please specify the necessary improvements.

Equity 40

Equity Employee Founder Cofounder 40