Questions regarding a form of periodic payment from an employer to an employee, which may be specified in an employment contract.
12
votes
3answers
2k views
Venture Capital and paying yourself a Salary
I'm currently working full time for an employer of mine. I've run numerous small business on the side, including a web software company, a web design company, and a forum... but now I'm working with a ...
10
votes
6answers
8k views
What is a typical salary for a mobile developer?
I am trying to gauge the general salary to pay a mobile developer.
In this case, the developers' skills would include a year or more of Android and iOS experience, with proven apps in the market or ...
10
votes
6answers
2k views
Joining a startup within its first year - salary/equity expectations?
I've recently been headhunted by a startup a year old which I am very interested in leaving my current position in a large established business in the same industry for.
There are a number of people ...
9
votes
8answers
4k views
Open salary policy - good or bad?
In America salary discussions ("how much do you make") are generally a taboo. As such it is not much of a surprise that a majority of businesses do not make salary information public and some even ...
7
votes
5answers
644 views
If newly funded startups offer salaries which are not comparable to market rate, then how they can attract top talent and be successful?
This question is related to the question: "Do newly funded startups offer salaries which are comparable to market rate?"
Apparently, it is quite common for startups to offer salaries which are 20% to ...
7
votes
4answers
483 views
can I justify a (modest) salary for myself?
The situation is as follows. There are 3 investors:
Me, founder & MD 75% of shares, invested 500k
Relative 1, 15% of shares, invested 630K
Relative 2, 10% of shares, invested 500k (as a loan to ...
7
votes
3answers
4k views
Looking to get involved with a startup, but no idea on what kind of salary/equity I should expect
I'm considering joining a startup that has raised a few million in Series A funding and I'd be the second developer joining the team. I've been out of college for 4 years and am looking for a senior ...
6
votes
4answers
2k views
Sales commission for SAAS startups
We are a SAAS startup with an average MRR of $300. We are planning to have both in-house and outside sales agents (without salary but 20-30% commission). What is the sales commission model you ...
6
votes
4answers
1k views
Do newly funded startups offer salaries which are comparable to market rate?
There was some talk in the media about how it is hard to find talent. There were some comments that actually the real problem is that salaries offered by new startups are way under market, thus a lot ...
6
votes
5answers
1k views
Whats the best way to pay yourself in a self-funded startup?
Is it better to run a payroll, pay all the extra taxes, so the company has more of a structure down the road when trying to do an angel round?
Or leave the company out of it, and just use your ...
6
votes
2answers
334 views
When and how do you reward yourself?
(Note: I maintain a complete "firewall" between company and personal money, and the only way money goes through is with salary, loans, investments, or dividends.)
When I took the plunge a few years ...
4
votes
18answers
1k views
Would you hire offshore developers?
What's your opinion? Should US-based startup hire offshore web developers to reduce costs? Is it worth it?
How would you find them? How much would you pay them per hour of work?
4
votes
7answers
5k views
How you decide your salary for your startup after getting funding?
No Salary before funding but what about after you get funding?
I think Mint.com CEO mentioned in presentation about @30K salary he took initially. How do you come up with that number? How do VC/Angel ...
4
votes
2answers
265 views
Salary and profit distribution in game industry?
A couple years ago, I started a group/team of passionate people in game development. I was the one who had the idea to form a group that will (hopefully) later be a company/real studio. I was the one ...
4
votes
1answer
123 views
Do Open Finances and Wages Build Trust in a Company?
Please only answer if you have personal experience with this topic.
I've been hearing of more and more companies that choose to openly display their finances and/or employee wages to all employees of ...
4
votes
2answers
409 views
Low startup salary, big stock grant-What to do?
I just got an offer from a friend for a startup in an industry we don't know much about. He likes the idea and has a good track record (in other industries). I am still unsure about the validity of ...
4
votes
4answers
396 views
STARTUP: partnership or hire?
Ok I invested in my business and built the software, now got to run it!
If I hire my friend, to do all this business, and I do all things technical.
How should I pay him?
1) salary
2) with ...
4
votes
3answers
1k views
If I incorporate, when do I have to start paying myself a salary?
I plan to incorporate, mainly for the liability protection. My business is Internet-based and the operational costs are quite low, so I plan to fund everything out of my own pocket, and I have the ...
4
votes
3answers
176 views
Good resource for getting labor rates for developers around the world?
Looking to bring on some developers and using sites like Vworker.com. While looking for prices to offer I'd like to get an idea of what is a good price and a poor price for developers in different ...
4
votes
1answer
444 views
How do I pay myself from a UK-based startup?
I've been self-employed as a sole trader for over a year, but now I want to form a private limited company and trade via that (I'm in IT, and some organisations here won't contract an individual ...
4
votes
3answers
244 views
How do fixed costs scale with headcount? Can I use a rule of thumb ratio, say salary x 1.5?
I've heard that start-ups often write proforma budgets using a rule of thumb for figuring fixed costs (rent, utilities, fringe benefits, etc.) in other words costs that scale with headcount. The ratio ...
3
votes
2answers
2k views
Is it typical to trade salary for equity when joining a startup?
Suppose I got an offer from a startup that currently has funding to start hiring employees. Suppose they are offering a $100K total compensation package, such that I can choose to take a reduced ...
3
votes
5answers
392 views
Leaving an awesome startup for Big Co. Am I crazy?
I love working for my current company. The work is challenging and fun, the people are amazing, I've been given lots of opportunity, and it's just an overall great work environment.
The ...
3
votes
2answers
122 views
It is common for salaries to stay below market rate even after an initial venture round?
I am employee #1 in a startup with some substantial equity in it.
Our startup was funded by angel money and I have worked from the beginning for a salary way below market rate. Now, venture round A ...
3
votes
3answers
317 views
Minimum wage laws and startups?
As a technical person, you see this a lot:
"I've got this great idea to be the next $BIG_SITE. I need you to build a site for me - it should only take 3 months or so. Meanwhile, you can crash on my ...
3
votes
2answers
2k views
What kind of sales commission plan is Groupon using?
Groupon has been hiring sales people like crazy. Their turnover is probably very high but the sheer number of salespeople that they are adding to their company every month is something crazy to a ...
3
votes
5answers
939 views
How do you decide on roles and salaries after you fund a multiple founder company
Hi
I have worked in start ups all my life and love the life, but now I am a first time founder and have lots of questions. this is the most burning matter now.
We are a groupd of 3 founders. This is ...
3
votes
2answers
285 views
Equity for strategic hires?
We're a small (but growing) consulting firm with software to be developed as a side stream (yes, I know this is an original story :)). 3 partners, equal equity.
We've worked with a few people in the ...
2
votes
4answers
362 views
From where employees get their salary?
We are incorporating a company, and it is decided that the investor will have 51% shares and divide the remaining 49% shares amongst the five founders.
51% + 49% = 100% share. That leaves zero ...
2
votes
4answers
319 views
Choose to pay the employees a little too much or a little too less?
We tend to think that the fair value of a work is the price of it, but it's hard to appreciate. As a web startup, what do you think is the best strategy, keep the pay a little too less to keep the ...
2
votes
6answers
531 views
Considering an offer from a startup, two different compensation packages. Advice?
A bit of background: The two founders are guys I used to work with before our previous employer (a SaaS company) was aquired back in 2010. One of the founders was a senior sales exec and the other was ...
2
votes
5answers
217 views
I have idea, I have the knowledge & he has the money- how to structure business?
I am currently employed by a business man who often invests in new companies. I came to him with an idea and he wants to move forward with it. He has zero knowledge in this industry but I have ample ...
2
votes
5answers
1k views
Should my startup pay me?
I'm getting ready to launch a startup (currently have a C corp set up that I am running under). It has a platform under development, but I'm planning on having some ancilliary services to provide in ...
2
votes
2answers
517 views
Paying Friend/Programmer/Developer to code Startup Website. Also give Percentage? How to keep Accountable?
I have an income and a website idea. I know nothing about programming. I have a friend who is a programmer, comp-sci major, and so to get my idea created into a website I am paying them an hourly wage ...
2
votes
1answer
256 views
S Corp Salary - no income
My startup is at the stage where I'm considering forming an LLC, S-Corp or C-Corp. I've been reading a lot, on this site and others, about the various advantages and disadvantages of the 3 main ...
2
votes
2answers
170 views
Opening a European Subsidiary in the U.S
I am an American setting up a U.S. based subsidiary office for a small Eastern European company. What are the methods I can get paid assuming the company does not have capital for straight salary and ...
2
votes
2answers
868 views
How to hire a salesman?
Usually salesmen have a base pay and then commission on each sale. I want to know how a company handles this? I mean for example a salesman's basic pay is $1000 and commission ratio is 10% for each ...
2
votes
2answers
2k views
Equity for unfunded, pre-launch startup as Business Development lead?
I left my job to join an early stage startup at its absolute infancy. I came on board immediately in a biz dev role and am one of only two full-time employees. The other is the actual CEO, the 3rd ...
2
votes
3answers
351 views
Hourly Contracting Problem? Can Only Bill Limited Hours with Client
I am contracting (pay by hour) with a startup company building a web service platform (SaaS). I am a programmer. The company already has the prototype product, so my duty is to develop new features ...
2
votes
1answer
427 views
How to get hold of extra money if my company is LLC but elected to be taxed as S corp
I live in miami and am about to form an LLC. I have also decided that I would elect to have my LLC to be taxed as S corp. I will be the only employee for next 6 to 9 months.
Since it is a S corp I ...
2
votes
1answer
324 views
Salary for a Founder? [duplicate]
We're looking for investor's money for our startup. We're 3 co-founders, and our roles are the following:
One of my partners is a software developer. He's responsible for technical implementation.
...
2
votes
1answer
316 views
Can I file a wage claim if my base salary is below 24k a year?
I was told by a lawyer that I can file a wage claim against the startup I've been working with for the last 3 years. I am in the middle of equity talks with the owners of the startup. I want to use ...
2
votes
1answer
321 views
C Corporation single shareholder / highly-compensated employee limitations?
If I'm a single shareholder/owner and employee of a C Corporation, am I limited from taking any deductions due to being a highly-compensated employee (due to share ownership)?
2
votes
3answers
432 views
Joining a start up - Need advise
I am planning to join a start up (LLC) in a management role. They are in the midst of raising series A, the have agreed to pay me an hourly salary with a cap on the hours, if I go over the hours, they ...
2
votes
0answers
44 views
how to proceed with negotiations with contractor/early employee [duplicate]
Possible Duplicate:
Forming a new software startup, how do I allocate ownership fairly?
I am one of three cofounders at an early stage startup. We have been working with an outsourced ...
1
vote
10answers
671 views
Typical Pay or am I being taken advantage of
I have an internship for a small engineering company in the USA. I have been working about three years now. What started as an internship turned into a full-out job, and I have worked to take a total ...
1
vote
5answers
2k views
salary and stock options in a startup for lead developer - advice needed
I got an offer from my friend in a startup company with $30K/year (take into account it's not in a "hot" spot like Silicon Valley or NY, but yeah, it's not high in any standards, and the job's in a ...
1
vote
3answers
221 views
Joining startup question on salary
I've been approach by a startup to join them. I'm currently making 80k USD as a developer, not knowing much about the startup world. What would you consider a reasonable offer from them? Knowing they ...
1
vote
4answers
265 views
Paying self on start-up business
I'm a technical person, something is puzzling me.
Why do owners of business startups have to pay themselves when they're just starting a business?
It doesn't seem to make sense, because it's like ...
1
vote
3answers
277 views
What are “other” salary charges? (Europe)
I just found this post on HN:
It may be pretty hard to compare US
and foreign offers. For instance, in
France, you'd be earning 36000 euros
in cash --what's landing on your
account --, ...
