I'm completely out of touch with the job market - what are startup mgrs getting paid?

[motion]

I've been given an opportunity to handle all aspects of 2 new online startups for an old friend: website creation, marketing, launch, etc. He wants to hand everything to me and say "Go".

I'm not in this for the money. Rather, I'm interested because it will keep me occupied for at least a few years, and will help me re-sharpen my skills. I'd probably do it for him for next to nothing. The projects are both interesting to me and I feel that they're worthwhile.

That being said, what should this position pay per month? It will be a 1099 scenario in southern California. Just looking for some guidance on what I should ask for.

[TheMentat]

Equity!

[Seahawk]

Originally Posted by TheMentat

Equity!

Yup.

[Rick Lee]

Probably depends on what your candidates are making at their current jobs. Unless they're miserable and/or your job is their dream job, you'll have to offer them more. Glassdoor has good stats on salaries for various titles at most companies you've heard of. Start there and look for the titles you'd likely consider to be good candidates for your company. You'll need to be in that ballpark or higher.

[motion]

Originally Posted by Rick Lee

Probably depends on what your candidates are making at their current jobs. Unless they're miserable and/or your job is their dream job, you'll have to offer them more. Glassdoor has good stats on salaries for various titles at most companies you've heard of. Start there and look for the titles you'd likely consider to be good candidates for your company. You'll need to be in that ballpark or higher.

I am the candidate, Rick.

[motion]

Originally Posted by TheMentat

Equity!

I should have mentioned... I'm not interested in equity. If everything works out, I will handle the long-term international expansion of one of the products.

[tabs]

Originally Posted by motion

I should have mentioned... I'm not interested in equity. If everything works out, I will handle the long-term international expansion of one of the products.

Yeah and what would you do with a second Gulfstream... I get it...

[Seahawk]

Have you 1099'ed before?

May seem like a stupid question but the tax implications and requirements are interesting at best.

If he is a good friend, tell him you are not interested in anything less than a fair offer from him.\ without negotiation. He should be willing to provide without hesitation.

[Bill Douglas]

Maybe someone independent to negotiate pay.

[motion]

Originally Posted by Seahawk

Have you 1099'ed before?

May seem like a stupid question but the tax implications and requirements are interesting at best.

If he is a good friend, tell him you are not interested in anything less than a fair offer from him.\ without negotiation. He should be willing to provide without hesitation.

Yes, have been 1099 on and off for 25 years.

Really just looking for a general number that will serve as an initial conversation-starter.

[motion]

Originally Posted by Bill Douglas

Maybe someone independent to negotiate pay.[/img]

No! We'll figure this out in about 30 seconds, face to face.

[SeanPizzle]

So Cal product manager with tech company should be $160-200K. Figure out what you need to make an hour as 1099 from that with self employment taxes.

[cairns]

Maybe someone independent to negotiate pay.

Too funny. But I pictured this:



It worked out for Alonso, right?

[porsche4life]

If you do your job well, how much will you be able to make for him in a month? If you can't tell him how much you can bring in, how can you know how much is appropriate compensation.

[motion]

Originally Posted by porsche4life

If you do your job well, how much will you be able to make for him in a month? If you can't tell him how much you can bring in, how can you know how much is appropriate compensation.

Its a startup, Sid.

[motion]

Originally Posted by SeanPizzle

So Cal product manager with tech company should be $160-200K. Figure out what you need to make an hour as 1099 from that with self employment taxes.

Thanks for that! I dug around Glassdoor a bit, and they seem to indicate a range of $145K-$180K for SoCal product managers.

[motion]

Originally Posted by tabs

Yeah and what would you do with a second Gulfstream... I get it...

Money isn't everything, Tabs.

[NutmegCarrera]

Sounds like a great opportunity and a nice position to be in.
Congrats and good luck for you and the organization.
Sounds like the subject of comp is more about marking the price for your position appropriately more so than you looking to maximize your earnings (like most of us who rely on our day job).
To make it interesting, might you set the package with a fixed potion as well as a variable portion - to incentivize schedule, budget, or some marketing related metric? That allows the business the opportunity to pay appropriately, and give you the ability to set some goals - if only to keep it interesting for you.

In any case - we always perform best when both appreciated and internally motivated.

[JacobS911]

Sounds like a good opportunity, and you're in a great spot to help out. Since he's a friend, and money and equity isn't your main objective here.. maybe a lower salary with a annual bonus/equity plan would be something to look at. Keeps monthly money costs low which is great for a startup, but gives you a chance to make a decent bonus for a job well done.

[onewhippedpuppy]

Originally Posted by motion

Its a startup, Sid.

Interesting thread. I don't care about money but how much should I get paid? Seems rather contradictory. I do favors for friends for free....