#asks-offers-advice
Thread
Hey all! is starting to fundraise for our seed round. I'm looking for insight into salary expectations for our first few full-time hires - specifically for marketing/partnerships/growth and product/biomedical engineering roles. Any insight would be appreciated!
For additional context - right now we're primarily D2C and have only raised $120k from Techstars. Launched over the summer and quickly made the $120k+ back. Over 70% organic growth. LMK if I can share more info!
- Are you expecting people to be in-person (you're in NY right)?
- Do you plan on offering equity as part of compensation (if so, have you allocated a certain allotment)?
The equity - for your very first hires - can be a great way to stay competitive and attractive without needing to have super high salaries. Especially if the company can't afford a ton of super expensive salaries right off the bat.
But if this is all for AFTER the fund raise and you are just trying to get a sense of what $ to budget for these hires when going into the fundraise, then I would just use high range estimates to be conservative for the fundraise. Then you can pinpoint actual salaries when you are hiring
^ love this idea.
I am in NY but we'll still be fully remote. We are going to offer equity as part of compensation
going to DM you to get more info! 🙏
@Bryan Amidon any thoughts?
and @Katie Garry pls share any insights on this thread you learn from DM so other people can learn from it.....great question!
Hey @Katie Garry happy to jump on a call and share any info that may be helpful. Or if you have a list of specific roles happy to provide ranges.
hey @Bryan Amidon thanks so much - I would love that. what is your email?
@Brian Von Ancken will do! @John LaGue already shared so many good ideas. here is one of my favorites:
"Then either offer a good equity package or some other incentives maybe based on mile stones ( "if we get to $X ARR I will give you a 20% raise" or "If you get us Y number of paying customers I will give you Z raise")"