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Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
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'95 993 C4 Cabriolet Bunch of motorcycles |
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Cogito Ergo Sum
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As I know you know, salary is only one component of a comp package, especially when we are talking about technology startups. The range is probably zero to $300K depending on more factors than we can reasonably list here.
One of the challenges I'm having trying to respond is a technically there isn't a "startup manager" - there's a founder/CEO that can't think of anything else over 24 hours on how to make an idea succeed, and then there are professional management that are brought in to take a seed concept into professional funding. Sounds like you are in between those two. For sake of discussion, let's say that a capable manager taking on responsibility for coordinating and doing the tasks you listed in the first post is customarily paid $100-$150K as a 1099. Typically this would include some sort of option package. I don't know why are you are not interested in equity/options, because if I were negotiating this for me, I'd say something like: "I'll help you save cash when you need it the most and I don't need it today. I'll take $48K a year so you (the owner) have some skin in the game and I have to suit up to earn my keep. Based on milestones (clicks, users, revenue, etc.) you bonus me $XX and/or Options of YY%." Call me if you want to discuss more - I'm a partner at a venture acceleration firm.
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Don Plumley M235i memories: 87 911, 96 993, 13 Cayenne |
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Registered
Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
Posts: 10,382
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Quote:
These are bootstrap startups, so I will be wearing all the hats until the first leads start coming in. I don't fancy myself as a salesperson, so we'll need people to handle the leads. He may very well come back to me with a lower monthly pay/options proposal. Its something I would consider, but at this stage in my life, I am trying to keep things as simple as possible. He is also open to seed capitalization, so if that talk happens, I very well may get in touch with you. Thanks again ![]()
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'95 993 C4 Cabriolet Bunch of motorcycles |
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It'll be legen-waitforit
Join Date: Jan 2002
Location: Calgary, Canada
Posts: 6,997
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Wow am I underpaid...
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Bob James 06 Cayman S - Money Penny 18 Macan GTS Gone: 79 911SC, 83 944, 05 Cayenne Turbo, 10 Panamera Turbo |
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Now in 993 land ...
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Some really high numbers floating around here. I work in tech startups for many years now and I don't know of any product managers making 200k. Not even close. And I have been in larger companies too, also not happening. If this is a self funded venture by a friend, take a good round of stock and start at 100k. That's what I'd throw out there not knowing a whole lot more.
Have fun! G |
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