The difference for me is I now have a team of 5 or 6 for the approximate price of a CTO and I have 3 different core skillsets included. How much can he do that you can’t without him. Your email address will not be published. Get the latest market price for benchmark jobs and jobs in your industry. A great book called Slicing Pie that will answer a lot of your questions about equity distribution and fairness for startups. –Gillian Muessig: CEO, Outlines Venture Group, CEOcoach @WebmasterRadio.fm, cofounder MOZ. CTO CTO Compensation CTO Salary eCommerce CTO Startup CTO Post navigation. Think about it this way: a person’s (%) share of the equity should always equal that person’s % share of the risk. In that event, anywhere from 1-5% is reasonable. Analyze the market and your qualifications to negotiate your salary with confidence. This really depends on the type of person you’re looking to hire. 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%. Logan, UT, EmoMetric Media - ranks number 1 out of 50 states nationwide for Startup CTO salaries. Magna, UT. If you’re in the market for a CTO or looking into adding equity to the compensation of your tech team, take the advice of some experienced members of this field. –Mike Kalis: Entrepreneur, Real Estate Innovator and Disruptor, Father of 2. In terms of compensation, a new CTO typically sees about $200K and 3% equity. – Andrew DiMichele: CTO and a cofounder of Omada Health. –John Lonergan: brings more than 20 years of industry experience in the fields of diagnostics, medical technology and software. The average salary for a Chief Technology Officer (CTO) is $162,168. If you’re curious what to expect, we recommend playing with the salaries and equity tool by AngelList or researching salary ranges at specific companies on Glassdoor. You need to trust me on this one -I had a hard time hiring good engineers even when the market was crushed in 2002. Candidate Find My Next Job. Layton, UT, Avalaunch Media - Therefore, we will not talk about the pros and cons of having this specialist, but we will go straight to the point. –Joe Monastiero: Founder, nFlate. You cannot raise outside capital in today’s market without MVP and traction. Different situations call for different action; you must consider time and money invested, value contributed, and necessity of each member. The base salary for CTO ranges from $207,500 to $289,400 with the average base salary of $247,400. They are being compensate for that risk with a return, or loss. If you just need a CTO then it’s in the 1-4% range. – Jeff Kesselman: 25 year veteran of the computer game industry with a degree in both computer science and film production. Good technical people are a rare breed. –Mike Moyer: inventor of the Grunt Fund and author of Slicing Pie. 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. Good people always have a good offer on the table from someone else. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. I was at $220K + >=3% at my last two startups. As the company matures, the salaries of all positions start to get closer and closer to market rate. Founder & Chief Evangelist Officer @ Rank ’em. If you want the type who could start a company from scratch as the CTO/Tech Co-Founder, then you’re going to have to cough up an amount of equity that will interest them… anywhere from 20% to 50%. Technical information to the organization consider time and allocate shares in proportion to organization... Enterprise-Wide technology infrastructure anywhere from 1-5 % is reasonable tie this to three! 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