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Start-Up Founder Compensation Survey

by Miguel Pinho
This post is by Miguel Pinho from Seedcamp

A data-driven deep dive into founder salary and equity, from Pre Seed to Series A

Welcome to the first edition of the Start-Up Founder Compensation Survey – powered by Graphy.

At Seedcamp, this question comes up time and time again and we struggled to find any reliable data. As a consequence, the purpose of this survey is to provide a clear set of results, based on peer data, absent of bias, for free. A starting point for founders to construct a compelling case to empower their position, especially for those from diverse backgrounds, not an investor-led set of guidelines. More #powertothefounder

I would like to extend thanks and congratulations to Graphy, a Seedcamp company, for the awesome charts and their recent launch!

I would also like to thank the other funds who contributed their data outside of the Seedcamp Nation to help provide insight, namely Anthemis, Notion Capital, and BackedVC (if anyone else’s companies contributed please let me know and I’ll add you here!)

Please read!

We collected a number of variables from the companies that submitted the survey including: Annual Salary; Equity % Held; Company Revenue; Last Round Type; Last Round Size; Number of Co-Founders; Number of Employees; Years in Operation; Geographical Location (HQ); Office Status (Office, Hybrid, Remote)

Please find the forex rates used at the time of generating the charts here.

We have spent countless hours digesting all this data and comparing and contrasting these variables together on hundreds of charts. The conclusion was (Read more...)

eqtble, a platform that uses data analytics to create healthier workplaces, raises $2.7M seed

by Catherine Shu

A composite photo of eqtble founders Ethan Veres, Gabe Horwitz and Joseph Ifiegbu

eqtble founders (from l to r): Ethan Veres, Gabe Horwitz and Joseph Ifiegbu

“People are the backbone of any organization. People are more important than the product. Without people, you don’t have a product,” says Joseph Ifiegbu, who is Snap’s former head of human resources technology and also previous lead of WeWork’s People Analytics team.

Ifiegbu’s startup, called eqtble, wants to give HR teams the same kind of detailed analytics that product, sales and marketing departments have had for a long time, with the goal of creating more engaged and inclusive workplaces. The company, a Y Combinator alum, announced today it has raised $2.7 million in seed funding, led by Initialized Capital, with participation from SB Opportunity Fund, RS Ventures and other venture capital firms and angel investors.

Ifiegbu joined WeWork’s People Analytics team in 2017, when the company had a total of about 2,000 employees. By the time he left in 2020, that number had grown to 15,000 people. One of Ifiegbu’s first hires at WeWork was Gabe Horwitz, the first data scientist on the People Analytics’ team and now eqtble’s co-founder and chief product officer. The startup’s third co-founder and chief technology officer is Ethan Veres.

At many companies, especially ones that are growing quickly, workforce data is scattered across different HR software, including human resources information systems (HRIS), engagement platforms, benefit programs and employee surveys.

Because information is so fragmented, companies can miss important correlations. For example, they might not see the links between why top (Read more...)