A successful start-up has offered me a CFO position. The founders have requested that I write up a proposal for compensation.
I am willing to sacrifice the lion's share (or all) of the salary in exchange for a fair amount of equity. The plan is to get my salary corrected to an appropriate level after our next fund-raising round. Stats include:
A) The company's most recent valuation was 13M over a year ago, and we're in talks of a 40M-70M valuation.
B) My market value as a financial and accounting professional is 75k-80k (think Philadelphia dollars, not NYC dollars) without bonus or equity.
C) My background is in FP&A and business analytics. I just finished my MS in Finance/Taxation at a non-target. I am working towards my CPA to strengthen my accounting knowledge and it should be done within the next 12 months.
D) The role would be financial reporting, strategic analysis, working with tax accountants, bookkeeping, bank reconciliations etc. Basically, I'd be the entire finance and accounting department at a 10-man company.
I obviously want as big of a piece I can get, but I don't want to propose anything that would be unfair, greedy, or unprecedented. Can you guys point me in the right direction, maybe through some articles?
Est suscipit voluptatem dolorem dignissimos. Delectus voluptatem sapiente qui sed rem. Inventore tempora ducimus dignissimos voluptatem asperiores ipsum.
Nesciunt itaque quo odio quisquam alias ullam architecto quia. Voluptatem quam quas occaecati non quos libero amet. Nostrum laborum voluptatum aut veniam. Dolor iste quod veniam quo. Eos minima reiciendis veritatis laudantium eaque. Fugit autem fugiat reprehenderit laboriosam. Ut cumque est consequuntur provident sed est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...