YoungUpstarts

OCTOBER 28, 2020

Companies that are foregoing entry-level salaries are creating a top-heavy corporate structure that will lack those differences in perspectives, those surges of creativity, and that freshness of an employee with a recent education. The factors are manifold.

Hiring 264

Hiring Early Stage Non-Compete Salary 264

Austin Startup

NOVEMBER 30, 2017

It follows up on my posts discussing why early stage startups should — or should not — move to Silicon Valley. Should Early Stage Startups Move to Austin because of Competencies? Should Early Stage Startups Move to Austin because of Competencies?

Early Stage 48

Early Stage Austin Silicon Valley Intellectual Property 48

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. People care about salary increases and benchmarking to market and even if you can’t pay market you sure as hell better know what “market” is.

Operations 150

Operations Metrics Early Stage Non-Compete 150

View from Seed

JULY 21, 2022

They can’t afford to spend 10% of their $100,000 salary on Interior Design Services alone, but they would certainly be willing and able to spend a few hundred dollars. RH: What’s your favorite thing about being an early-stage founder? And your least? Honestly, I get the hype now. Looking Ahead .

Early Stage 156

Early Stage San Francisco Michigan Portfolio 156

Both Sides of the Table

MAY 19, 2013

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. We knew we had a valuable product that an acquiring company would gain greatly from and a world-class engineering and product team that would be valued by a buyer.

Technical Review 303

Technical Review Cofounder Analytics Founder 303

David Teten

JULY 25, 2017

We also have a better known brand than some of our early stage companies, so we can leverage that to help source talent. – A database of accurate costs for financial models: salary, rent, IT, etc. – A database with typical major titles/hierarchy in a tech startup, plus average compensation.

Portfolio 60

Portfolio Technical Review Private Equity Database 60

Both Sides of the Table

JULY 13, 2013

You know, the weird thing, Derek, and I should probably let you speak some time, but I was deeply technical when I went into Andersen consulting, and I got paid much less than engineers who graduated, because I had a degree in economics. They paid engineers $4,000 more entry-point. Engineering vs. non-engineering. [00:10:32]

Cofounder 337

Cofounder Technical Cofounder San Diego Startup 337

Steve Blank

OCTOBER 5, 2009

My ex-boss was going to be the VP of Engineering and I would report to the CEO whose marketing acumen and sales instincts seemed at the time to be telepathic and sense of theater was legend. Our vision was that just as the PC was revolutionizing the business market, we were going to do the same for scientists and engineers.

North Carolina 125

North Carolina Silicon Valley Fractional VPE Part-Time VPE 125

The Startup Magazine

JULY 21, 2019

For startup owners, the initial stages of business can be the most thrilling and terrifying: it’s time to crunch the numbers, go the extra mile, and make your vision fly. But while early stage entrepreneurs are brimming with enthusiasm, they’re not thinking about how to protect themselves if they’re unable to work for a while.

Startup 103

Startup Dividend Early Stage Germany 103

Austin Startup

AUGUST 20, 2017

Early stage startups have to survive one day at a time and are often presented with limited choices of the moment that enable them to continue. At early stages you probably don’t have an assembly line and can’t clearly define any particular job. One of my engineers once told me my favorite color was plaid.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

keen.io

FEBRUARY 5, 2013

Engineer, arranger, communicator, amateur photographer. And if the CEO says, “Salaries will be adjusted to market value soon,” that’s probably a best-case scenario. These were the best resources I found: Equity for Early Employees in Early Stage Startups. Startup Equity for Early Employees. Michelle Wetzler.

Salary 50

Salary Equity Startup San Francisco 50

View from Seed

FEBRUARY 18, 2016

Startup salaries — especially on the engineering side — are at near record highs. These two costs suck up a lot of the money in an early stage company. Here are the two most obvious examples: Wages. For all of 2015, for all classes, it was $57.75. In 2009, it was $37 in FiDi and below $30 for all of SF.

Seed Stage 120

Seed Stage San Francisco Startup Valuation 120

socialmatchbox.com

OCTOBER 23, 2010

If you post up an ad to an online job board asking for someone to join your very high risk early stage startup company the odds of getting someone who decent are slim to none. at this stage. The generally accepted hourly wage calculation used by the staffing industry is Annual Salary divided by 2000 Hours.

Part-Time VPE 41

Part-Time VPE Sweat Equity DC Washington 41

Startup Professionals Musings

NOVEMBER 26, 2012

The founders now need a $1M Angel investment to do the marketing for a national NewCo rollout, build a team to manage the rollout, and maybe even pay themselves a salary. So what magic can the founders use to justify a $4M valuation (or even the $1M valuation) at this early stage? NewCo doesn’t have any of these yet.

Valuation 270

Valuation Pre-Money Valuation NPV Intellectual Property 270

Hunter Walker

MAY 11, 2021

It most commonly takes the form of a budgeted head that you want to add earlier than planned, or adding an incremental hire to an existing team (ie one more engineer than otherwise planned). Typically it’ll pull in your “cash out” date by 15–30 days, which again, for a high growth early stage startup, is a bet you should often take.

Hiring 109

Hiring Matching Early Stage Retention 109

The Next Web

OCTOBER 7, 2013

“It kinda sucks to be engineer #1.”. That’s what a couple of my friends – engineers at Google and Bloomberg who have been following the rise of startup culture with intrigue – told me recently. They were referring to non-founder engineers, most commonly the first hire for technology businesses. Engineer #1?

Engineer 129

Engineer Dilution Option Pool Vesting 129

www.instigatorblog.com

OCTOBER 23, 2010

.&# But having thought about this for some time, I’m not sure the numbers provided as guidelines above really do incent early employees to have an emotional ownership of the product and company. This is especially true when you think of a tech startup, where the first few hires are typically engineers/programmers.

Equity 41

Equity Employee Startup Vesting 41

Startup Professionals Musings

SEPTEMBER 30, 2011

The founders now need a $1M Angel investment to do the marketing for a national NewCo rollout, build a team to manage the rollout, and maybe even pay themselves a salary. So what magic can the founders use to justify a $4M valuation (or even the $1M valuation) at this early stage? NewCo doesn’t have any of these yet.

Pre-Money Valuation 246

Pre-Money Valuation Valuation NPV Intellectual Property 246

David Teten

APRIL 16, 2012

Would you like to have a salary from day one of your startup? Although we are open to various configurations of 2-5 people, we envision a team built around: a CEO, reporting directly to the Board; a Product Manager to harden the vision; and an Engineer to make the magic. Head of Engineering: Strong experience with B2C businesses.

Cofounder 133

Cofounder New York Venture Capital B2C 133

K9 Ventures

APRIL 9, 2014

Top engineering talent today has a bimodal distribution. They can probably cobble together an initial round of funding because a) there’s a lot of money in the early stage ecosystem right now (both individual money and institutional money), and, b) they’re raising the initial round on hope (see Hope and Numbers ).

Mezzanine 134

Mezzanine Seed Stage Early Stage IPO 134

Hunter Walker

JANUARY 15, 2016

Though I should point out was still doing client work for OneMatchFire until mid-2005 until the business could pay full salaries. From the middle to 2005 to early 2010 the business was break-even or better every quarter. Another recurring issue we heard was that pet owners feeling guilty leaving their dog home alone.

Technical Review 48

Technical Review Startup Cofounder SMS 48

ReadWriteStart

NOVEMBER 12, 2010

Compounding what's already just a general shortage of engineers, those tech companies with deep pockets are offering big salaries and bonuses to those willing to join (and hopefully stay). Making hiring decisions, particularly at the early stage of a company, is both challenging and crucial.

San Francisco 118

San Francisco Non-Compete Deal Flow Startup 118

SoCal CTO

APRIL 28, 2014

I’m a long way into development and I’m 90% done and we are having issues getting it completed Developers like to over engineer. Developers like to over engineer. Generally I say that developers should be doing significant developer level testing, but in early-stage startups, testing falls back on the founders.

Technical Cofounder 280

Technical Cofounder Developer Fractional CTO CTO Hire 280

Gust

NOVEMBER 18, 2012

The founders now need a $1M Angel investment to do the marketing for a national NewCo rollout, build a team to manage the rollout, and maybe even pay themselves a salary. So what magic can the founders use to justify a $4M valuation (or even the $1M valuation) at this early stage? NewCo doesn’t have any of these yet.

Valuation 187

Valuation Pre-Money Valuation NPV Intellectual Property 187

Startup Professionals Musings

SEPTEMBER 6, 2010

The founders now need a $1M Angel investment to do the marketing for a national NewCo rollout, build a team to manage blogs and other resources, and maybe even pay themselves a salary. So what magic can the founders use to justify a $4M valuation (or even the $1M valuation) at this early stage?

Valuation 234

Valuation Pre-Money Valuation NPV Startup 234

David Teten

DECEMBER 24, 2015

We’re a New York based early-stage venture capital firm. Central Canada has many of the assets of other entrepreneurial hubs: a flourishing creative community, an active local VC community , strong engineering talent and quality universities, such as University of Toronto, University of Waterloo and Ryerson University.

New York 60

New York Venture Capital Canada Silicon Valley 60

Both Sides of the Table

JANUARY 1, 2016

We want to invest in early-stage technology enabled startup businesses – upfront in the funding cycle. But putting no time into anchoring your beliefs because you’re too busy executing sales, marketing, support, product & engineering is an easy recipe for leadership drift. Conviction.

Leadership 150

Leadership Southern California San Diego Hiring 150

Steve Blank

MARCH 1, 2016

She is an Adjunct Professor of Electrical Engineering at the Cooper Union. Nina has a bachelor’s in Electrical Engineering from the Cooper Union, a master’s in Bioelectrical Engineering from MIT, a PhD in Biomedical Engineering, and an MBA from Columbia University. If you can’t hear the clip, click here.

Cofounder 120

Cofounder Entrepreneur Michigan Detroit 120

David Teten

JANUARY 21, 2021

VI: Revenue-based financing: The next step for private equity and early-stage investment. David Teten , Versatile’s founder, was previously a Partner with HOF Capital and ff Venture Capital, two early-stage New York VC firms. in idea-stage and side-hustle founders using a Convertible Income Share Agreement, or CISA.

Equity 78

Equity Revenue Cofounder Colorado 78

www.forentrepreneurs.com

FEBRUARY 2, 2010

To compute the cost to acquire a customer, CAC, you would take your entire cost of sales and marketing over a given period, including salaries and other headcount related expenses, and divide it by the number of customers that you acquired in that period. (In Sometimes, the customer will want a trial with their own data.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

ReadWriteStart

JANUARY 16, 2020

The expertise of administrators and senior-level developers suffices to handle routine technical tasks under the guidance of such company members as VP of Engineering, Team Lead, and Project Manager. Early-stage startups. Chief Technology Officer makes an average of $280,916, including base salary and additional payments.

Fractional CTO 85

Fractional CTO CTO CTO Hire Part-Time VPE 85

Both Sides of the Table

MAY 23, 2010

So by offering convertible debt you can avoid a price discussion in the same way that angel investors sometimes do in order to win competitive early-stage deals. They might not replace an engineer or two that quits. You’ve kept a really low burn rate and paid yourself a very small salary.

Startup 290

Startup Burn Rate Warrant Bankruptcy 290

www.startupnorth.ca

OCTOBER 23, 2010

But for every founder, there is an early employee that takes near equal risks in joining an early-stage company. This should force companies to think about building value with each early hire, and not just filling a position. Lead Engineer 0.5 – 1 5+ years experience Engineer 0.33 – 0.66

Employee 41

Employee Founder Salary Equity 41

www.payne.org

SEPTEMBER 22, 2011

7 Salary vs Equity. The total preference is less of an issue in early stage companies (e.g. However, it can be a significant issue in later stage companies that have raised a lot of money. The common stock price is usually a fraction of the preferred price, at least in the early stages. Salary vs Equity.

Equity 56

Equity Employee Vesting Preferred Stock 56

www.drowningamerican.com

JUNE 22, 2012

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). link] Fynn Glover. Thanks for sharing this.

Sweat Equity 40

Sweat Equity Equity Hiring Technical Review 40

Duct Tape Marketing

SEPTEMBER 5, 2019

You may need your product and engineering teams to be involved. I mean, it’s one of the reasons why we go to work, we get a salary, why we respond to bonuses, why we get our 10th stamp on our coffee regulars’ card, or you want the air miles at United or Delta. You need your technology team to spin up some services.

Community 55

Community Social Media Africa Kansas City 55

Transformify

AUGUST 27, 2017

The cost could be lower as you usually pay on a ‘’time and materials’’ basis vs paying a full-time salary. However, you can’t utilize their time as you are still at an early stage. In our early days, I was really impressed by the enthusiasm of an intern who was determined to become a QA engineer.

Hiring 64

Hiring Software Review Burn Rate Startup 64