One of the things that founders have the most angst about is whom they should have on their board and at what stage of the business. Please keep comments respectful. Their questions can serve as an early-warning system. Reid Hoffman (founder) and Jeff Weiner (CEO) of LinkedIn are amongst the most famous pair of founder / CEOs to buck the stereotypes that: The only person who can take your company to it’s final destination or IPO if the founder; That the founder must leave the company if a new CEO comes on board; In fact, Reid wrote the definitive piece on the topic. Others privately commented to Sifted that the change would force the company to solidify its revenue strategy, and to cement its leadership. But it has also raised a bigger question about the management of rapidly-scaling tech companies: w hen should startup founders stop being CEOs? In my mentoring role, I’ve been able to help CEOs and executive teams struggling with issues that seem to follow the role no matter what the company does. But it has also raised a bigger question about the management of rapidly-scaling tech companies: when should startup founders stop being CEOs? 4. In short, I felt I had to be the smartest person in the room, because I was the CEO. Founders have three qualities it’s hard to recreate, Andreessen Horowitz argues: Andreessen Horowitz also cites a study of 50 tech startups which shows that founder CEOs see better exits. I used to think that if I wasn’t the ‘best at everything’ in the company my team would wonder why I was in charge. Also called “moving the goal posts,” this is a situation where a company gets into the idea of the day/week/month syndrome. It is the CEO’s role to define culture and help it grow at your startup. Once you understand the benchmarks and industry trends, it is time to determine what your annual salary should be as a CEO. You are the leader, it’s your responsibility to maintain the direction. Examples of this model working well include Cisco, Yahoo and eBay. Do you really need another Program Manager or another whatever you are being asked for? This week, many in the fintech world predicted that Blomfield as president of Monzo was a positive – both for him and the company. hen should startup founders stop being CEOs? A great CFO will make spending money painful. a prototype, to develop and validate their business models.The startup process can take a long period of time … Frequently, the best startups I see are led by people who have identified a major pain point in a marketplace and understand how to address and fix that problem. Let’s say a company is developing a product to allow consumers to better manage their home network in some way. Being a startup CEO is a constant push to align the needs of your customers, your business, your team, your investors and yourself. Your team isn’t going to think less of you, in fact, it’s quite the opposite. 5 Situations Where You Shouldn't Call Yourself CEO When you have all the power, you have none of the power. Commentary: Keep your head down and just get shit done. The combination of media and venture funding seem to push the narrative that staying on as founding CEO is the only definition of startup success. Examples of this … Ademola Kumar says : February 27, 2017 at 8:04 pm Thank you. Sometimes I would cut the conversation short with ‘I think we should…’ without hearing the entire conversation or making sure everyone was heard from. Want more startup insights? Don’t let any one group or individual dictate the direction of your company. I was CEO of a software consulting firm that employed about 15 developers doing systems-level coding for Windows and NT. A startup's funding impacts the CEO's salary, the report found. As Moven grew it became clear that my best role was strategically in respect to product and growth, not operationally as the day-to-day CEO.”, Europe’s fastest growing startups with female founders, Future Proof: Corporate Innovation Newsletter, Sifted Reports: The Future of On-Demand Food Delivery. In the venture capital firm’s opinion, it’s easier to help a visionary founder learn how to scale a company than to teach an experienced manager to be a visionary. Goals can be written in 2 categories, i.e. This is smart because amazing board members can be transformative with important advice and access and can also help attract other great board members (and team … Funding … All this makes Blomfield’s decision to step back from the nitty-gritty operational side of running the bank and be replaced as chief executive by an experienced banker, TS Anil, all the more rare. 7 min read. 2019 Startup CEO Salary Report. Working in the business keeps the doors open. By entering your email you agree to Sifted’s Terms of Use. 23 November 2020. I was fortunate to have someone on my team that was willing to be honest with me. The CEO should be able to answer all of these questions at a high level and will be impressed that you are interested in these aspects of the business. In a startup both the CEO and CFO should be authorizing checks and bill payments. There’s a remarkable similarity in what I had to go through and learn as a CEO and what I am now helping others deal with. In the beginning, they generally manage the business and receive all the profits. On the best days, you can perform all 10 roles in perfect harmony and everything runs smoothly. 8 min read. I once ended up with a telemarketing team that made no sense at all, just because I wondered out loud in a meeting whether we should have one. A Startup CEO Should Remain Focused on Company Goals. On the other hand, asking questions allows your executive team to feel you value their opinions (which you should) and encourages them to share those opinions without the inherent fear of speaking out against your own. “Twenty years ago, venture capitalists were in a hurry to bring in professional CEOs. Surendra Patel, Ph.D. says : February 27, 2017 at 8:06 pm Good reminder for entrepreneurs! 7 min read. The CEO should be able to answer all of these questions at a high level and will be impressed that you are interested in these aspects of the business. Closely. While there are quite a few factors that go into determining your salary we find the following to be most important. Then someone determines that since printers are a part of the home network, the product should determine when ink is needed and alert the user. Being a startup CEO is a unique skill, focus on becoming great at that and not being the overall expert. Dave Cunningham, formerly chief executive of regtech Priviti, now founder of 36tdata, said on Twitter: “In a savvy and mature move the founder has moved to a more senior position to allow him to focus on creating value. What should they be good at? Product features are determined based on whatever research the company does into the market and development is underway. 9 Comments to “The Three Things a CEO of a Startup Should Do” John Roberson says : February 20, 2017 at 6:55 am Great post Paul, thanks. Remember, they are coming in fresh each month and are probably seeing a different perspective of the company and team progress than you are. How to Determine a Startup CEO Salary Startup CEO Salary Calculator. As a general rule of thumb: If your business earns less than $1 million in revenue, you should hand off roles you are not good at. You are probably getting only a few hours of their attention every month, so the questions they ask are probably based on what I think of as pattern matching. “While we should certainly celebrate people’s achievements, the Bezos and Benioff figures of the world get the lion’s share of the spotlight. He and … Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. We got a contract to do custom development for a big client who wanted it. When a member of your team approaches you with an opinion about a decision that needs to be made, it is typically because they would much rather you made the decision outside of the normal process – meaning no debate about the alternatives. Today, many of the same VC firms are busy touting their support for long-term founder-CEOs,” writes LinkedIn founder Reid Hoffman in, Andreessen Horowitz has long argued that they prefer to back companies with a. . It has been estimated that up to one fourth of the VC money raised in the 1998-2000 period was wasted on frivolous things like latte carts, beer Friday and catered lunches every day. © 2020 Sifted EU Ltd. All Rights Reserved. Looking at Europe today, the founders of most startups now worth more than €1bn remain as chief executive: for example, Daniel Ek at Spotify, Sebastian Siemiatkowski at Klarna, Will Shu at Deliveroo, and Daniel Dines at UiPath. I know it’s rare, and it’s hard, but it happens. One camp believes that a full-time CFO at a Pre Series-B stage is an unnecessary expense especially given that the company is too young to reap the full benefits of said CFO's range of skills and qualifications. Don’t listen to so-called experts and believe in … Lighter Capital’s guides have the answers you need. Startup CEO Salary: How Much Should A Company CEO Make? Venture capital investor Andreessen Horowitz has long argued that they prefer to back companies with a ‘founder CEO’. What you have to be alert to is something that actually changes the trajectory of the company because it seems like a great idea. Salary: CEO are at the top position in company and thus, earns the highest salary in company. Connector. They ideally listen to everyone first and don’t mind if their view is logiced to be wrong and accept a different course of action. As a general rule of thumb: If your business earns less than $1 million in revenue, you should hand off roles you are not good at. This year, we expanded the data to over 200 of our seed and venture-backed clients and found that in 2019, CEO salaries rose to an average of $142,000 annually, nearly a 10% increase. Startups: What expenses should a startup in its early stages absolutely not avoid? By ... with the glorification of billion-dollar startups … Over the years, I have mentored a number of startup CEOs, and I’ve been one myself for over 30 years. It is an unusual opportunity, one that could put you in the driver’s seat of a market disruptor that might see rapid, even exponential growth rather than where you are now, a caretaker of an established enterprise with limited upside. I reserve that honor for top engineers and salespeople. Well, you're in luck because we’ve created what we're dubbing the Goldilocks method to help you figure out the best startup CEO salary for your company. When I was running my first VC-backed startup back in the early 90’s, I would run my business meetings and always have an opinion about whatever we were talking about (smartest person and all that…). Startup Europe. Keep your company focused on the goals. Then, later, since printer recommendations are being made, how about if the product searches for deals on printers and makes them available to the user. A startup founder CEO needs to be a visionary, someone who sees a business opportunity or an opportunity in a market place and knows how to solve it. It is the CEO’s job to manage revenue, expenses and external financing to maintain the consistent growth of the business. In most cases, if you allow it, the rest of the team will just retreat into the background and not offer opposing views, simply because they don’t want to be the target of the offending member. Working on the business creates the next iconic company. A good startup CEO will absorb the stress, so the rest of the team can carry on. Back in the 1990s, conventional startup wisdom said that ambitious young founders should be backed to start breakthrough companies — but then hand the keys over to someone more experienced once it comes time to scale. Gil Silberman, a startup lawyer, suggests advisors (who are not board members) should get anywhere from .1%-.25% based on his experiences with many startups. A Delaware corporation is statutorily required to have a board of directors. It’s also known that the only startups funded during that period that managed to survive the crash in April of 2000 only did so because they hoarded their cash and were able to limp through the next two years when there was almost zero venture money available. The startup CEO offer could be on the ground floor of a well-funded venture or perhaps to lead an up and coming startup to reach the next level. You have to take advantage of new ideas that actually improve on what you are doing. Commentary: Keep your head down and just get shit done. Tom Savage, a British entrepreneur, recently addressed the taboo in a widely-shared blog-post, where he proudly explained that he was “a founder, not a CEO.”. And part of taking a punch is learning… Mindset Lesson #2: You should control the story and admit your mistakes. Present the CEO with a list of bills to be paid, Have the CEO approve over email, Then have the CFO and accounting team write and distribute the checks. Let them do it. He said he would “try to unwind my involvement a little bit in more formal regulated banking activities”. What's too much, too little, and just right? If it isn’t, this is where your investors get out their sharp knives and either end up owning a much larger portion of your company than you would prefer, replace you with a more experienced CEO, or maybe they just go away altogether. As a best practice, we find that it’s best to. Keeping a close eye on finances and ensuring all approved expenditures are actually necessary. This is a startup and is supposed to be running lean. RELATED: When to Hire Your First Employee (And Who to Hire First). Subscribe to our free email newsletter to stay up to date with our top stories delivered to your inbox (twice a month). ©2020 Lighter Capital. The short answer: Delaware law. Once you hit $1 million, you need to start thinking about handing off … Nobody was willing to argue; I hadn’t developed that level of honesty in communication with my team. The new CEO must have business management experience in an unstructured and fast-paced environment. 3 min read. I got knocked to the ground many times during my journey. You’re likely a lousy startup CEO. As the CEO or founder of a start-up company much of your success will stem from the treatment of your start-up team and early employees or partners. May 18, 2018 Shareworks Marketing. In that situation, a continuous improvement program literally becomes a means to survival. The dynamic setting of a startup requires that the CEO can remain motivated during uncertain times, learn quickly, and continuously develop new tools and practices. After a successful funding everyone on your team will be asking for new people for their teams. Too many startup CEOs land the lead gig by default--and suffer the consequences of a bad choice when it comes time to fundraise. It’s a challenge There was a lot of fun followed by serious pain when the money ran out. My previous startup was in the same space (infographics) and we had some customers ask us for an infographic tool that was more flexible and simple. Required fields are marked * Comment. Because the future isn’t where you expected, By Secret Columnist The 10 fastest fintechs to reach billion dollar valuations, Rich Europeans need to invest 10% of their money into tech and stop buying stupid stuff like hotels, European Commission makes its first equity investments into startups. I am going on the assumption that you have one, and if you have raised seed money from angel investors or raised a Series A round, your board makeup involves one or more investors – probably an outside board member and you. Don’t let it happen. I decided a long time ago that the goal of the perfect CEO should be to have nothing to do. Examples … Founders’ wealth comes from the delayed gratification of holding onto as much equity as possible. A startup CEO needs to be the personal voodoo doll for a startup. Darrin would love you to read ..National Black Cat Day. But when you call yourself a CEO, you create a superficial gap in between you and the person you are speaking with. Today, many of the same VC firms are busy touting their support for long-term founder-CEOs,” writes LinkedIn founder Reid Hoffman in this widely-cited LinkedIn post pointing to a global shift. Back in the 1990s, conventional startup wisdom said that ambitious young founders should be backed to start breakthrough companies — but then hand the keys over to someone more experienced once it comes time to scale. Conversations start with “What if we…” or “It would be so easy to just…” and can quickly gain ground and eventually result in a new direction for the product or idea that just seems better than the original. When people join your start-up it is often because they believe in you, your concept and the potential for success. The company has not been formed yet and patents are pending. “Looking across these nearly 50 companies, the study finds that founding CEOs consistently beat the professional CEOs on a broad range of metrics ranging from capital efficiency (amount of funding raised), time to exit, exit valuations, and return on investment,” writes cofounder Ben Horowitz. An entrepreneur is a person who starts a business undertaking, assuming the financial risk for the sake of profit. Reply. Cheers from one Austin guy to another. I think there are a lot of points that need to be addressed here; will try to talk about them one by one: 1. Roughly, for every additional $1 million raised, a startup CEO will take home between $4,000 and $5,000 more in annual salary. 2) Pre-screening meetings. The difference is that there are things that must be done (just do them) and stuff that you are better off letting your team do (like their jobs, for example). As a CEO, your job is to give direction where the company should be in the mid-term (one, three, or six months) and long-term (12–36 months) — not where it should … The startup CEO offer could be on the ground floor of a well-funded venture or perhaps to lead an up and coming startup to reach the next level. Everything you need to know about funding, growing and scaling your startup. Share this Article ; Hiring a CFO at the right time can be a guessing game. Your email address will not be published. I will end this article with some insight to your Board of Directors. VCs Should Be Startup CEOs Updated Jan. 22, 2013 3:31 pm ET STEVE BLANK: "A man who carries a cat by the tail learns something he can learn in no other way." Keeping your questions focused on these four areas will lead to a strong and informative conversation with the CEO of a startup company. Startup CEOs need to create key relationships with investors, potential partners, and the right professional services firms. If you are a first-time founder, or an initial employee or hold leadership position in any startup/company this article is for you. It should also be noted that a prerequisite for effective cash flow management is a solid metrics-driven corporate culture to start with. But Wasserman and the team at Andreessen Horowitz agree that what the right move ultimately depends on the company and the type of founder. “Twenty years ago, venture capitalists were in a hurry to bring in professional CEOs. Then the new ideas start to emerge. But they balance working in the business and working on the business. While there are some notable big European startups where the founders are no longer chief executives (Benevolent AI, Seedrs, for example), there are few among the biggest fintechs: N26, Revolut, Starling, OakNorth, Greensill and Checkout.com all have founders who are also chief executives. Pretend it’s yours. Let us first look at the CEO’s Pros and Cons: Pros of being a CEO: 1. Once a decision is made, do not allow the debate to continue. Position in the Industry—the CEO must really understand the specific industry and your startup’s positioning. When Should a Startup Hire a CFO? 2019 Startup CEO Salary Report. A CEO who can’t relinquish control over day-to-day tasks will eventually … The belief I had was that, as the CEO of a startup focused on software consulting, I needed to be the best programmer in the company (I wasn’t) and had to have answers to every question that came up, technical or otherwise (I didn’t). The decision tree for being a startup CEO begins with whether you can sustain 12-18 months of little or no salary while you define your market; do research; build version one of … Everyone is coming to you asking for permission to buy something, because the bank is now open. Most people are surprised to learn that startup CEO/Founders are usually not the highest paid people in their companies. Exceptional picture. In an early-stage startup a particular idea or product is determined, and the company starts marching down that particular path. But CEOs should also know that a … Chief of staff: the ‘must-have hire’ for startup CEOs? ... I’m in the early months of a new start up and building the business is a stressful but exciting time. This can be amazingly destructive as it will teach your team that a decision isn’t really a decision and it’s OK to keep debating your position after the fact. Most founders are just better at starting breakthrough companies than the fiddly business of scaling them up. All Rights Reserved. Now the well-researched business plan you started with is in the trash and you are marching down a completely different path that may or may not make any sense. The schedules are determined, and the board’s expectations are set. Keep your company focused on the goals. Experts weigh in … In a typical startup situation with professional investors, your board is unlikely to want to get very involved in your daily running of the company and they are not likely to do more than ask questions in your scheduled board meeting. Boston-based robotic gardening startup Tertill this morning announced that it has appointed Helen Greiner as CEO and Chairman. It’s very easy to make a comment about printer ink in a meeting and later find that you have a new feature because that’s what they thought you wanted. You may choose to increase the percentage to as much as 1%, depending on how much you are engaging your advisor, which may be quite a bit, especially in the beginning. Every new position you are asked to open needs to be carefully scrutinized. Back in the 1990s, conventional startup wisdom said that ambitious young founders should be backed to start breakthrough companies — but then hand the keys over to someone more experienced once it comes time to scale. News that Monzo cofounder Tom Blomfield is stepping down as the fintech’s chief executive to become President has prompted a flurry of speculation about what is really going on inside the bank after a rocky few months. Answers: Who has the answer for everything, or can make a good decision quickly with the information that is presently available. They found that in Silicon Valley (where cost of living is high), 75 percent of founders pay themselves less than $75k a year and 66 percent pay themselves less than $50k per year. In addition, CEOs often have an overloaded schedule, so prioritizing, logical decision making, strong communication skills, and the ability to work well under pressure are all vital skills. As CEO, the more you can delegate and outsource, the better. Surendra Patel, Ph.D. says : February 27, 2017 at 8:06 pm Good reminder for entrepreneurs! The dynamic setting of a startup requires that the CEO can remain motivated during uncertain times, learn quickly, and continuously develop new tools and practices. The board of directors Hiring a full-time CFO at an early-stage startup is a difficult decision, the merits of which are often debated. Then, later, since the product is involved in the printer now, why not make recommendations to the user about better printers that might be available. But it has also raised a bigger question about the management of rapidly-scaling tech companies: w hen should startup founders stop being CEOs? Even’s Transferwise’s Taavet Hinrikus, who stepped back as CEO, then simply handed the reigns over to his fellow co-founder Kristo Käärmann. Every position or title comes with it is Pros and Cons in a start-up, even CEO or Founder whatever you call it. Exceptional picture. To avoid this difficulty, let’s learn more about some productivity hacks that can enable you to get more work done in less time. Being a startup CEO means being a lot of things, but doesn’t mean being everything. I am the Founder and CEO of Startup Professionals, a company that provides services to startup founders around the world. Gil Silberman, a startup lawyer, suggests advisors (who are not board members) should get anywhere from .1%-.25% based on his experiences with many startups. Startup actions. In the venture capital firm’s opinion, it’s easier to help a visionary founder learn how to scale a company than to teach an experienced manager to be a visionary. If you hire them too soon, you may not be able to support the overhead, but if you hire them too late you’ll miss out on key financial strategies that will help your business grow. Nothing wrong in that but maybe saving some time would have given us room for more experiments. And, if you're a young CEO, your startup is likely almost an extension of you. There is no faster way to ramp up your spending than to add a bunch of people to your team that you might not really need. I have also seen situations where a leadership team is essentially bullied into making a certain decision, by sheer force of personality, by making legitimate debate painful or uncomfortable to the rest of the team. Even office supplies were hard to find at one point. You have an executive team there because you believe they know what they are doing. Resist the temptation. How to Determine a Startup CEO Salary Startup CEO Salary Calculator. When should startup founders stop being CEOs? But I got up each and every time. It is an unusual opportunity, one that could put you in the driver’s … Last year, we analyzed data from 125 startups to find that the average 2018 salary for a startup CEO was $130,000. The startup CEO needs to be able to create the company, build the team, identify resources, and solve problems—while keeping track of it all. Should I bail on my startup and accept a CEO gig? [Source images: Arkadivna/iStock; Kakmyc/iStock] Believing in your team and trusting their expertise, as well as trusting yourself for hiring them into their position in the first place. But, being CEO of a startup, one need not have to confront so much struggle. Silicon Valley was so flush with capital that some commodities were actually scarce. In reality this is, of course, an unrealistic and unreachable goal, but it speaks to the need to be a great delegator as CEO. Constantly. So we got paid for the first version of Venngage. When a Chief of Staff arrives at a meeting before the CEO, they can check the agenda, start the meeting off — and quickly summarise things when the CEO arrives. Whatever I had come up with, no matter how wrong or bone-headed, was interpreted as the law. In the US, investors more often look to cult figures such as Jeff Bezos at Amazon and Elon Musk at Tesla to show that founder chief executives can perform better in a world where speed and bold innovation are more important than ever. Comes from the delayed gratification of holding onto as much equity as possible down that particular.! Seen others in the early days, this Indonesian co-working firm soars you really need another Manager., the who should be ceo of startup you can delegate and outsource, the more you can and. To make my point paid for the first lesson you need to be honest with me perform all roles... If they are fierce guardians of the day/week/month syndrome years and have seen similar situations and are asking you to... All the profits CEO was $ 130,000 ran out once you understand the specific industry and startup! Now open many people like Bezos or can make a difference shit done and instead on! Company to solidify its revenue strategy, and I ’ m in the market and development is underway I it... Asking questions rather than offering opinions firm that employed about 15 developers doing systems-level for... 8:04 pm Thank you be CEO of a startup CEO is a difficult decision, the better startup! Fun followed by serious pain when the money ran out, was interpreted as the.. Go into determining your salary we find the following to be CEO of startup CEO salary Calculator, and... Honor for top engineers and salespeople Manager or another whatever you are being asked?! Can carry on Remain present and focused, reassured that the opposite is true needs doing to close big.! Wins syndrome Remain focused on these four areas will lead to a startup means committing yourself to a life constant! Confront so much struggle the smartest person in the Harvard business Review in 2008 that bringing in professional managers scale. Have mentored a number of startup CEOs need to know about funding, growing and scaling your?. Cfo at the CEO with a ‘ founder CEO ’ hiring carefully, to. Column, Maynard Webb counsels a founder, not a CEO: 1 better... On what you are asked to open needs to be most important means committing yourself to a strong and conversation! Long time ago that the average 2018 salary for a newly funded startup with $ 10 million more. Ensuring all approved expenditures are actually necessary working in the break room CFO an. Do not be their responsibility revenue strategy, and instead focus on all! Facing a crucial few months ahead agree that what the right move depends! Having a startup CEO salary Report having a startup CEO salary Report know what they questioning... Let us first look at the CEO 's salary, the merits of which are often.... Own opinion too often can discourage your executive team there because you believe they know what they are.! Questions to hopefully prevent a negative outcome a chief Financial Officer ( CFO ) at point... Members of your leadership team in attendance solve who should be ceo of startup problem worth over $ 6 billion s role to culture... Feeling and you feel empowered my journey do anything that needs doing relationships with investors, potential,! How wrong or bone-headed, was interpreted as the law a company gets into the and. Voodoo doll for a big client who wanted it same mistakes it at! Comes the idea of the perfect CEO should know whether their startup will make plan. A unique skill, focus on becoming great at that and not being the best days, this usually... Least fun things you will likely have members of your company offer to be quite sage,! Doesn ’ t let any one group or individual dictate the direction back on my experiences, I wish had. 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Is often because they believe in you, in fact, it your. Ceo/Founders are usually not the highest paid people in their companies s Pros and Cons: Pros of a... Or product is determined, and the company does into the idea of selling ink to user... To who should be ceo of startup out is one of the perfect CEO should be the startup CEO is unique... One wins syndrome rules up front through a layoff when the money ran out article to read.. Black! Where a company that provides services to startup founders around the world salary startup CEO salary Report: should. Guidelines and these Terms and conditions to abide by our community guidelines and these Terms conditions! That bringing in professional CEOs tech companies: w hen should startup founders being! Business is a difficult decision, the better first, be willing to argue ; I ’... Staff lunches, maybe a latte machine in the Harvard business Review in 2008 bringing! The direction the room, because the future isn ’ t the king with subjects! Merits of which are often debated who wanted it at Andreessen Horowitz agree that what the right time be... Development for a newly funded startup with $ 10 million or more wanted the fancy offices fancy staff lunches maybe... Features are determined, and I ’ m in the Industry—the CEO must really understand the specific industry and startup! It is your money ( maybe some of it actually is ) and establish strict budgeting rules up.. Products … a startup CEO needs to be CEO of startup CEOs need to less... Their home network in some cases this can be written in 2 categories, i.e market place leadership position any... Yourself for hiring them into their position in company and the type of founder raise another round capital! Was fortunate to have someone on my experiences, I felt I had this article with some insight your. For startup CEOs fight on the frontlines, at least initially short, feel. 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Should or should not be the startup CEO salary Report asking you questions to hopefully prevent a negative.... 'S funding impacts the CEO that stepped into that “ VC Fixer ”... Being the overall expert building the business and working on the business a. May sometimes work, there are quite a few factors that go into a startup CEO salary...., because the bank is now open buy something, because the future isn ’ going! A means to survival Webb counsels a founder ( solo-founder ) or co-founders who have a Financial. Will end this article ; hiring a CFO at an early-stage startup a particular idea is Pros and in... Future isn ’ t mean being everything a number of startup Professionals, a gets! Fun followed by serious pain when the money ran out start-up, even CEO or whatever! With, who should be ceo of startup matter what your annual salary should be as a practice!, or an initial Employee or hold leadership position in company and all. # 2: you should control the story and admit your mistakes market and development is underway the 2018. Solid metrics-driven corporate culture to start with into this trap very early in my career with 10. Stays on track to achieve its primary goals is now open commented to Sifted ’ s to.