What’s the value of talent today in Silicon Valley? This year, a startup with revenues of $10 million wanted to find a new chief executive following its Series B raise and offered $450,000 in compensation (5% of revenues). Another startup, quickly growing and approaching an IPO, did a search for a CEO to lead it onto the public markets. In addition to a hefty compensation package, the board of the company is willing to put up a signing bonus of $1 million, to be delivered in two tranches over a year, for a vetted candidate willing to step up and sign the paperwork.
Their offer is turned down.
These are just some of the battle stories relayed to me from Brad Stadler, founder and managing director of True, a data-driven executive search firm. “We haven’t seen anything like this since 1999,” he told me, noting that signing bonuses for execs…
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