Quote:
Originally Posted by Tyrone Slothrop
Like GGG, I'm going to briefly return us to the board's former mission. Am interviewing for a GC position and things seem to be progressing well. If/when I get to negotiating compensation, I don't have good information about the going rate for such jobs at such companies. Suggestions about how to do this?
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It's important to know what the Company is like.
The rule of thumb I've heard from a few VCs is that base salary for the average GC in a venture backed company should be about equivalent to a 6th year at biglaw, and equity should start at the third or fourth level, with less seasoned GCs at or below that level and more seasoned ones above that level. I have companies in the valley with GCs ranging from about $150 to $250K, and with equity ranges from a quarter or a half percent to one who has three percent with a carve-out plan to protect against equity being underwater. The lower salaries tend to have higher equity, but not always.
But you'll get different answers in a highly regulated and heavily capitalized health care tech business with four lawyers reporting to the GC than in a software startup where the GC is a solo role the company can barely afford.
