Backfilling boss’ position + comp negotiation

Oct 27 20 Comments

My manager (company founder) accepted an offer for a top c-level position for a different company. Part of the reason why I was so pumped about this job was to work more closely with this person as there was a lot I could learn from them and they were very accommodating of the entrepreneurial spirit (working for them while I concurrently figure out my own startup in a different industry). There are other reasons as well but I'll keep those to myself.

I've spoken with the other founders and they've informed me that not much will change, except that I will be reporting to them now—department head position (my boss) will not be backfilled and I will in essence still be doing what I’ve been hired to do albeit losing my skydiving buddy.

I guess the question here is do I have bargaining chips? I am in ops and their service is VERY ops-heavy. I’ll be integral in the strategy of how the ops team will be structured and built as well as other strategic initiatives for product development. And if I do have an opportunity to negotiate better TC, what do you think that would look like?

TC: $95k, 0.25% equity, started in August 2019
Company: Seed round in mid 7-digits—great cap table, consumer/corporate litigation space, under 10 employees atm

I was going to wait until at least 90-days to bring up some sort of raise (once I have proven myself a bit more) but this presents a unique opportunity to accelerate that notion. Any and all advice is apprciated.

Still bummed about my boss leaving, but hey. 🤷‍♂️🤘

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TOP 20 Comments
  • SolarWinds AnEngineer
    If you came to me demanding a raise less than 90 days after accepting an offer I'd tell you to hit the road.

    Especially if you were naive enough to think you were 'integral' at < 90 days and 95k TC.
    Oct 27 7
    • OP
      I didn't say I was. Neither are you
      Oct 27
    • OP
      I guess I'll go kill myself now because my TC is relative to the stage the company is in
      Oct 27
    • SolarWinds AnEngineer
      It's funny that you're in here asking for advice and then arguing/complaining/whining at everyone who gives you frank feedback. Go get em tiger, best of luck!
      Oct 27
    • OP
      Sure. Because I didn't know my place in the totem pole. Dude. Your advice sucks. Keep it to yourself or to engineering folk
      Oct 27
    • Atlassian labradors
      🍿
      Oct 27
  • New / Product
    morethan

    New Product

    PRE
    GE, Amazon
    BIO
    TC $340,000 YoE 16
    morethan more
    I would give any job 6 months before starting a comp negotiation. You haven’t had enough time to establish any real arguments that are tied to business KPIs (revenue, customers, shipped components or software... etc). Your time utilization is not a good argument.
    You described an employee and a founder who are not committed. If I was an investor I would be having serious reservations right now.
    Oct 27 4
    • OP
      That's real. I appreciate the advice.

      In retrospect, the founder exiting was pivotal in gaining the company's current investors.. which is why I found it valuable to take the role in the first place. So I think investors are in-the-know more than what's percieved.

      Again, appreciate the feedback. 🤙
      Oct 27
    • New / Product
      morethan

      New Product

      PRE
      GE, Amazon
      BIO
      TC $340,000 YoE 16
      morethan more
      So the investors wanted the founder out? Was he/she the ceo? Do you have the responsibility now?
      Oct 27
    • New / Product
      morethan

      New Product

      PRE
      GE, Amazon
      BIO
      TC $340,000 YoE 16
      morethan more
      One more thing Salary for a founder at the seed stage is rarely above $100k. If the conversation is focused on equity it will be easier
      Oct 27
    • OP
      Great.. very much what I had in mind.

      As per the former questions.. 🤐
      Oct 27
  • OpenTable Meliodas
    You’ve been there less than two months and you think you are irreplaceable and deserve a raise for doing the same work you were hired to do?

    Ops is a cost center, not a profit center. You don’t have the bargaining chips you think you do.
    Oct 27 4
    • OP
      Ok. Thanks for the feedback. In all honesty you don't know what the product is, so you can't make a generalized statement as such. Also, you don't know what kind of experience I bring to the table. But I appreciate your sentiment.
      Oct 27
    • OP
      If you have a service-driven and reliant product, ops becomes a revenue source that blends in with cogs
      Oct 27
    • Expedia Group frocaster
      Well, are you integral to the company's revenue? People do always think they are irreplaceable (and maybe you are) but I would always have other options scoped out , or even better, available to you, before demanding anything
      Oct 27
    • OP
      No one is ever irreplaceable. That's just some naive thinking right there. Unless you have some proprietary ip or own a significant percentage of the company (even then) no one is ever irreplaceable.

      I'm not demanding, I am starting a conversation about what my stability within the company would look like for the future. Did you read the post?

      And yes, my position would be integral to revenue. Most definitely.
      Oct 27
  • Amazon pqkebxuwk
    Get the money NOW!
    Oct 27 1
    • OP
      Thanks. Any advice on how to jumpstart that conversation?
      Oct 27

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