Hiring and Firing
How Do You Decide Your Team’s Salary & Stock
“He needs to understand that asking for more equity is like pulling on a string,” I said to Adolfo, my co-founder and VP Marketing. We were reviewing what offer package we should give a potential employee, and Adolfo was indicating the applicant wanted more equity. [Do you want to grow your business? Maybe I can…
Read MoreDo You Have The Right Team To Scale Your Startup?
“You’re at $5 million in revenue. Since we’re in the last quarter of the year, this is the perfect time to do some long term planning,” I said to “Kevin”, a CEO I’m working with. [Do you want to grow your business? Maybe I can help. Click here.] “What did you have in mind?” Kevin…
Read MoreWhat Should You Look For In A Mentor?
“I want you to meet with Dave,” Mike, the managing partner of the VC fund I was interviewing at to be an Entrepreneur in Residence (EIR) said. “He does most of our semiconductor investments, so it’s important for the two of you to meet.” [Do you want to grow your business? Maybe I can help. Click…
Read MoreWhat Titles Should You Give Your Technical Team?
I was fortunate to be involved with one of the most successful companies ever formed in the chip industry, Maxim Integrated Products. Maxim grew to over $2 billion/year in revenue, with net margins approaching 40%. It was a cash machine. [Do you want to grow your business? Maybe I can help. Click here.] The company…
Read MoreWhat Should Your Salary Be When You’re Just Starting?
“I need to make $60,000,” “Mary”, the CEO, said to me. “Is that too much for me to make?” Do you want to grow your business? Maybe I can help. Click here. “Maybe. Maybe not,” I replied. “I can’t just give you a yes or no answer. You have to walk through some steps. “There’s…
Read MoreIs There A Right Way For You To Fire Someone?
There’s a great story in Ben Horowitz’s book, “The Hard Thing About Hard Things”, that I can really relate to. In the book, Horowitz’s company, Opsware, was going to IPO. At the same time, they were going to perform a layoff. [Do you want to grow your business? Maybe I can help. Click here.] Horowitz…
Read MoreWhat’s The Right Way To Determine Your Team’s Salary?
I’ll never forget one of my investors, “Raul”, asking me how much I was going to pay myself after we closed our $12 million round of funding. I told Raul I was going to pay myself $200,000, well below the market rate of $250,000 at the time. This was significantly more than the zero salary…
Read MoreWhat’s The Wrong Way To Think About Equity?
Years ago, I was introduced to the two co-founders of a fledgling semiconductor company. I have an affinity for companies in the space, so I agreed to talk with them. Do you want to grow your business? Maybe I can help. Click here. The two co-founders told me they had no funding, and they were…
Read MoreHow Should You Manage Your Stock Option Plan?
“I was expecting an offer of three percent,” Joe said to me. I’d been recruiting Joe since before we got our funding, and, now, two years after we closed our funding, we had offered Joe 0.75% stock options to become a Senior Scientist. [Do you want to grow your business? Maybe I can help. Click…
Read MoreWho You Should Never Add As A Co-Founder?
“I just bought a unit in new The Millennium building, up in the City,” my co-founder, “Ken”, said to me. “You should check it out!” Do you want to grow your business? Maybe I can help. Click here. “Really,” I said. “I thought you were going to buy a house on the peninsula, closer to…
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