Tech Industry
Yesterday
2019
Do people underestimate E6 role at meta?
Personal Finance
Yesterday
533
Biden wants to raise capital gains tax to 40%
World Conflicts
Yesterday
701
Israeli precision-guided munition likely killed group of children playing foosball in Gaza, weapons experts say
Personal Finance
Yesterday
1516
Thank you AAPL and NVDA
World Conflicts
Yesterday
606
Is "From the River to the Sea" So Wrong?
Talking to a series A startup that’s raised ~12m about their CPO role. Any Blinders out there have info on how comp might work at this early stage/exec role combo? Tc: ~700k mostly from rsu at this point #equity #startup #compensation
I would push hard for 300k cash comp and 2-2.5%, plus double trigger acceleration on vesting
What is double trigger acceleration on vesting? Related to an exit event (IPO, acquisition)?
Double trigger says that if the company exits AND you get terminated within a few months of the exit or within some time window after the exit, your vesting accelerates. Basically protects you against the founders selling the company and firing the execs to avoid paying them.
What does it take to become a CPO?
I’ll let you know if I get an offer ;)
Fluency in over two million forms of communication?
1.5-2% share plus 200k cash. 50k upfront signon with a 1 year clawback
How does Clawback works?
Most companies that pay sign on bonuses have this. If you leave within a year, they ask for that sign on back (post tax BTW)
Current level at FB? I am also exploring similar positions hence interested to know.
Ic6/m1
wow lower than I expected no offense.
if ur asking blind these questions about this role, you probably aren’t fit for it.
Until the "Universal book of all knowledge" is published, it's ok to ask these questions on Blind.
What a disgusting comment. Go get a job at a better company, maybe it will make you less bitter. A hole.
So if they are worth 40m, this is a big pay cut... You hope for 500m withing 4 years? What story makes this worth it? Unless, this is about retiring into working for fun not for money?
Aww cmon Google, think bigger. If they get 2% and after 2-3 funding rounds they're worth $500m and OP is diluted to half a percent it's $2.5m. If they IPO and they're diluted to quarter of a percent at $5b. Then their share is worth $12.5m
You're only getting that money as cpo of Facebook or Google
A16Z does a good report on this each year you can pretty easily find. I just researched this for a later stage similar role. For that early you may be able to get to $300K base+bonus, but for equity the median is more like 1.15%. I got 1.4 at a Series A before and that was the highest most people had seen.
Does the report give numbers for other roles like SWE at a series A?
I'm surprised a series A is already hiring Product officers? Is that common? I thought creators of company are product leads till a later stage?
Yes it is common. A lot of founders are product folks, but a lot are also sales people, finance people or folks who know the problem domain really well. Strong product management skills in a software environment is a rare skill set. Lots of companies want to hire experts, especially for consumer products.
Makes sense. I guess, if the company is more in need of a product person, than more negotiation is in the CPO hands
What would be a typical offer from a series B company?
More cash less equity as a percentage
I would imagine 0.5-1.5% share plus maybe $200k cash.
They said CPO so maybe up to 2.5%
Yea, depends on how bad they want them. 2.5 maybe a stretch