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I'm the CEO of a B2B startup. Been around almost 1 year and we already have a decent piece of software, 2 clients and are profitable. Not hugely so, but enough to pay the bills.

To scale to the next level I need a CTO. Have a good guy I know and am working out what to offer.

Thoughts:

  • Salary: Could possibly pay up to $2k / month (initially 3 days a week). More as we gain clients.
  • Equity: No idea here. Product idea was mine and I have grown the company by myself, but need a business partner. 5/10/15/20/25% more? I guess considering the low salary, more equity will be necessary
  • Anything else I can / should offer?

Cheers

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Have you considered milestone vesting so that his equity is vested based on achievements or goals? It's a phenomenal way to keep people motivated and to protect yourself. – Jason Colantuoni Oct 29 '11 at 8:35

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Check out the co-founders Equity Calculator

Welcome to the Co-Founder Equity Calculator! It is based on almost 3 years of one-on-one discussions with entrepreneurs through the co-founders meetup, the founder conference and advising various founders.

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