The average salary for a Chief Technology Officer (CTO) is $162,168. In that event, anywhere from 1-5% is reasonable. Data based on salary earnings of 10,000+ candidates and job offers from 100+ VC backed startups on Kandidate, including: How much do you value him? You need to trust me on this one -I had a hard time hiring good engineers even when the market was crushed in 2002. When the day comes, there’s a lot of extenuating circumstances that will impact the percentage breakdown, but if both CEO & CTO get started around same time, do not let the fact that it was your idea get in the way of properly compensating your developer. Previous Post How do I find out about CTO jobs that are open? Equity should be ONLY for those that put money in. Why the 33 percent, because if you are less than 3 people and cannot survive w/o a technical/co founder/CTO then they are worth it. PAYPAL HOLDINGS INC, RE/MAX HOLDINGS INC, Square, Inc. In a recent case I know well, a CTO with an active sales and marketing role as the product rolled out (databases) ended up with a bunch–over 10% after all funding. Recruiter Start Hiring. I understand some may disagree. This implies that you need to track the contributions made over time and allocate shares in proportion to the risk taken. Get the latest market price for benchmark jobs and jobs in your industry. If you have raised your series “A” or enough seed funding to pay them for a year plus then you can probably get away with 4-8%. Recently searched related titles: Founder & Chief Evangelist Officer @ Rank ’em. Learn more about Kandidate. I believe I was very fortunate to find the core 3 guys all in one Startup Weekend, but I cannot be sure that it does not happen all the time. Please share your insight on this topic in the comments. Layton, UT, Avalaunch Media - How much does a CTO make in the United States? I’d say, consider an even split if you are truly partners. Responsible for the long-range direction of an organization's technology function. They are being compensate for that risk with a return, or loss. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. I have curated 15 answers to this common question for entrepreneurs, CEOs, and advisors in the startup realm going through dozens of articles on the Web and best answers from Quora: It depends if they are Founders or Non Founders and it can be anywhere from 1-33 percent. An alternative is to find some part-timers as I did (if you do not believe the CTO candidate can build the platform completely) and offer them smaller pieces (that might also add up to 15-20%). –John Lonergan: brings more than 20 years of industry experience in the fields of diagnostics, medical technology and software. The average CTO salary in the United States is $247,400 as of October 28, 2020, but the range typically falls between $207,500 and $289,400. –Mike Moyer: inventor of the Grunt Fund and author of Slicing Pie. Being a co-founder is as much about control as it is about compensation, and you’re not going to attract the cream-of-the-crop, jack-of-all-trades-type tech co-founder if they don’t feel like they have a hand at the helm (in today’s environment they’ll just go start their own company). You cannot raise outside capital in today’s market without MVP and traction. Required fields are marked *,,, How Much Equity Should you Give to a CTO of your Startup. Depends upon how important the technology solution is to the company, and what on-going role you play as a CTO. In terms of compensation, a new CTO typically sees about $200K and 3% equity. The average CTO salary in the United States is $247,400 as of October 28, 2020, but the range typically falls between $207,500 and $289,400.Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, helps you determine your exact pay target. –Amish Shah: Entrepreneur, Investor, Advisor, Strategist for startups.
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