Questions

We're looking to hire a seasoned COO. What package would you pay? cash/ equity mix probably flexible (our run-rate is c$3.5m pa).

Multi-award winning global bootstrapped start-up with hockey stick growth. 80pc y on y growth currently. Substantial partner distribution opportunities for faster scale.12-24 months runway to exit. Thoughts much appreciated. Thank-you.

1answers

Hi I have worked on executive compensation in multiple companies and I am presenting information based on my recent work in this area.
COO salaries in the US will range from USD 105K to USD 268K depending upon experience, location & skills being hired. This will include base pay + 401(k) benefits + Performance incentive/bonus. If you are offering equity then thats an excellent negotiation tool.
You would have to first decide what compensation positioning you want to take or have already taken wrt your existing talent at developer level. This can determine a pay range - then look at your budget & discuss with your recruitment partner if you can identify talent at that cost. Keep a range say from 75% to 90% of the compensation ratio as your target cost for a role like COO.
Take a look at tools like Robert Half - rht.com.
I am happy to help you with the details in case you want to do a more detailed analysis/study.


Answered 6 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2022 Startups.com LLC. All rights reserved.