The founder of the wages take? Too hard on myself, too pit investors (depth Haowen) - Qi Hong package
The title of founder CEO handsome it? But it really is hard to force the work. Today we look at a startup founder, CEO of the general wage to how much his own.
US media have for the US start-up companies conducted a survey, the results show: American start-up company founders about a year down the wages of cash between $ 100,000 to $ 250,000, the highest salary of the CEO usually take; bonus probably between $ 0 and $ 100,000, as well as some of the shares, but down rounds of financing generally is not high, generally below 20%.
After all, this is the other side of the digital ocean, for some domestic internationally renowned venture capital firms and startups founder of CEO (founder of the start-up team in general would be appointed as CEO), how much in the end could get
First, start-ups do with how much money the human cost? Financing of 1 / 5-1 / 3
As a start-up enterprise, the human cost is very important and heavy an expense. Although labor costs are hard to say - because of the different sectors varied - but there are some rules to follow, that is, labor costs account for the amount of financing of 1 / 5-1 / 3, and also the founder CEO from this sum of money to open his own wages.
A round of financing to between 200-300 ten thousand yuan, for example, take an intermediate value, that is, about 500,000 labor costs down, use the time between approximately 12-18 months, to a monthly average of only 33000 labor costs (if the business is labor-intensive, labor costs accounted for more then a month, such as some game companies); accordance with the standards of the initial team of 3-4 people, the average wage per person per month at 10,000 down, if employees outside the founding team to join, they will pay less each assigned a number.
Second, who decides founder CEO salaries?
Is both a founder and CEO, of course, can open his own wages, but wages set by the founder CEO must obtain the consent of the Board. Different investment attitudes toward different CEO salaries - some investors think as little as possible; some investors see the CEO set himself underpaid, but also put up a number.
Angel investors Zeng Liqing was on the microblogging publicly stated:
Over the past five years, statistics tell us that the probability of successful entrepreneurs and corporate CEO salary is inversely proportional.
- he clearly opposed founder CEO to get high wages. Subsequently, the investment community Cai Wensheng, Gavin Ni and Qing dynasties have forwarded agreed.
Third, take more to get less, it reflects "an attitude problem"
Investors generally believe that the founder of wages take more to get less, reflects a "attitude problem."
For investors, if the CEO's salary and more than thousands of others, is understandable;
Twice, I felt a bit strange;
If three times higher than others ......
Such an attitude will arouse suspicion, "This man is not like some of what else ah?" So for those who have a high ranking in a company, getting in start-up companies do not necessarily think of than the original wages high. Since start-up company's human cost is very tense, and "I earn more others get less, move a little weak talent" idea, regardless of the hit will feel very problematic which VC.
Although some work as CEO pay does little more than get some of the many, but in many start-ups do not take the CEO is the largest, but came in second or third place. But if there is a partner after a party, that person's salary but will some more.
Case:
Another institutional investors are expressing a more radical view: A round or to get in before profit, before founders of financial freedom, most are not salaried, the other co-founder of Take 5000-10000 / month, to ensure the basic living cost can be.
So many have not achieved financial freedom, or have greater financial pressure on the family of entrepreneurs, "low wages" This threshold is a very real challenge, very often, entrepreneurs need other family members to support their family. Such as the famous, early start eating wife "soft rice" Zhang Tao, founder of public comment, is so over.
Four, CEO rely on? "Equity" would be able to be regarded as something to look forward to
There are three partners to a start-up company, for example, 70% of the equity take-founder, co-founder of two other people each holding 10% and the remaining 10% of the option pool.
From inception to the listed companies, social networking company takes an average of five years, software companies need eight years, and the company will finance every year and a half, every time the financing will dilute around 20%, the average must register to accept the rounds after financing, as CEO, founder shares may have been diluted to between 5% -30%, while the other founders will be lower.
Of course, after financing the company's valuation will change, in very good condition company operating conditions, holding a lot of equity from founder CEO is still possible to get some benefits - but also very limited, such as founding people want to get married, buy a house or when family members are sick, you can sell some of the old shares to VC, but is generally 1-2 points, otherwise investors will not agree. Again: This is a question of attitude.
The method is not suitable for stock dividends startups, because investors prefer to keep their money in the company continue to operate unless profitability is very good already on the market or hopeless. General view, the founder only get some benefits from the grasp of the stock in the exit (such as listing or acquisition) time.
Comb, founder of CEO's annual salary level of domestic but also have a basic conclusion:
1, Angel stage: a few hundred thousand to several million financing amount. -10 10,000 annual salary in the tens of thousands, or do not take as little as possible to get;
2, A round: a few million to million level of financing. In tens of thousands of annual salary - more than twenty million and meet the normal expenses;
3, after not necessarily go down. If the CEO asking for a raise, agreed to by the board of directors, the board of directors generally agree that, if done quite good, a twenty thousand per month plus one does not matter.
Three founders CEO pay their situation is this:
They do an intelligent hardware (A round), a do online education (angel round), the last one is a game company founder and CEO (has been acquired) - Three people gave their unanimous claiming issued 0 yuan wages (which has been acquired who said that the original case).
Reasons and circumstances of their respective given as follows:
Life stress founder intelligent hardware brand faced considerable, although it did not take a penny, but if he thinks he can get the average wage of technical and management positions considered more appropriate, why not take the money now, on the one hand it is to make their devotion at work, on the other hand is their hardware market soon (no hurry);
Founder of online education personal funds in good condition, but because online education itself is a high investment, slow realization of the industry, the company is not on track, founder and CEO also did not take the money. Asked hearts suitable wages, their answer was: "3000 yuan";
The company's founder and the first two games and some different. Most game development started when the company's founders have not yet graduated from college life pressure is relatively small, so they stick to the game began to have running water only dividends in accordance with its stake. Due to catch 2011--12 good time to swim in hand, the company quickly acquired another wholly-owned domestic well-known game development company, founders have not started to think, you do not have to think about this - he has now joined the another company.
Too hard on myself, too pit investors. One investor said: "For the CEO, founder, money or to be placed on the team, even their wages and melt into the money should not have too much relationship, but should be the primary considerations for the development of the company." Another one investor said : "entrepreneurship is a chore, the company's CEO as well, if only for big money, that should never wronged himself (not to start a business)."
The following is from the US "Entrepreneur" magazine recommended author Pam Newman entrepreneurs how to open his own wages:
1, the first six months - twelve months start a business, chances are you can not really get paid;
2, should have enough savings for living expenses, so you do not have to rely on the company as a source of personal expenses;
3, when you start to wages themselves, it may be assumed that he is an employee on a similar position, decide how much you get paid. When revenue can support the entire salary expenses, you can give yourself a salary. When you feel should get a lot more time, to a slight increase in compensation levels should be controlled within the range of allowable profits.
4, if profits allow, entrepreneurs usually longer than the commission in wages. For the purposes of tax avoidance, payroll and commission are separate. Also accounted for separately in the financial statements.
5, do not just have a point because the extra cash to compensate for the increase of their own. Funds should be left to the future development and unforeseeable circumstances backup. If you develop the habit of excess cash as compensation, perhaps there would be no ability to grasp any of the company's unforeseen adverse circumstances in terms of capital. Ensure that the company has a reserve fund to cope with difficult times.