Vanessa Kruze, CPA’s Post

🚀📉 Exciting news! Kruze Consulting's 2024 Startup CEO Salary Report, as featured in an insightful article by Michael Grothaus for Fast Company, reveals some surprising trends in startup compensation! 💸🔍 🌟 While early-stage CEOs are seeing salary boosts, the landscape shifts dramatically for those at later stages. For instance, CEOs in Series B rounds are experiencing significant salary cuts - a reflection of the strategic financial adjustments companies make to fuel long-term growth. 📊📉 🔑 Key findings include: ⇢ Average CEO salaries dipped slightly to $141,000 in 2024. ⇢ Series B CEOs faced a 9.6% reduction, earning an average of $227,000. ⇢ Despite progress, the gender pay gap persists, with female CEOs earning $14,000 less than their male counterparts. 👉 Check out the full article on Fast Company's website and explore our complete report for more insights and a handy CEO salary calculator! 📈🔗 📢 Share this to spread vital information with fellow entrepreneurs and startup enthusiasts! https://lnkd.in/dtM7aytM #StartupCEO #KruzeConsulting #FastCompany #StartupCompensation #VentureCapital #GenderPayGap

💡📉 Navigating the complexities of startup CEO salaries in 2024. 💡📉 Discover why later-stage startups might see a decline in CEO pay and the persistence of the gender pay gap. Link to the article in the original post by Kruze Consulting. #Startups #Compensation

🌟📉 Understanding CEO salary trends can help startups plan better financial strategies. 🌟📉 Our findings featured in Fast Company provide crucial insights. Find the link to the full article in the original post by Kruze Consulting. #Startups #Compensation

🌟📊 Startups and CEO pay: a surprising twist as companies mature. 🌟📊 Our latest insights reveal the unexpected shifts in CEO salaries at Series B stages and beyond. Find the link to the full article in the original post by Kruze Consulting. #Startups #Compensation

🚀 The Evolution of Startup CEO Compensation: A Journey Since 2018 🚀 In 2018, a founder approached me with a question that would spark a yearly tradition at Kruze Consulting: "How much salary should I take after raising funding?" This led to the creation of our annual Startup CEO Salary Report, now in its seventh year. Our latest 2024 report offers the most comprehensive look yet at CEO compensation trends in the VC-backed startup world, drawing on anonymized payroll data from over 450 startups. This isn't just data; it's a mirror reflecting the evolving challenges and successes of the startup ecosystem. Key Insights from the 2024 Report: �� The average startup CEO salary has adjusted slightly to $141,000, down from $142,000, amidst the Series B funding squeeze. 📉 ✅ Seed stage CEO salaries are on the rise, reflecting a resilient optimism in the face of market challenges. 🌱 ✅ A concerning trend: the gender pay gap persists, with female CEOs earning $14,000 less than their male counterparts on average. This report started from a single question but has grown into a critical benchmarking tool for founders and VCs alike. It's more than numbers; it's about fair compensation, strategic planning, and the recognition of the risks founders take. As we navigate these complex waters, let's continue the conversation about what it means to lead a startup, the value of equitable compensation, and how we can support each other in fostering a vibrant, inclusive startup community. #CEOCompensation #GenderPayGap #Startups

In one of the largest startup CEO salary reports by Kruze Consulting, the average salary for CEOs of Series B startups declined almost 10% from $251,000 last year to $227,000 in 2024. What's even more concerning is the gender pay gap, which hasn’t recovered to 2019 levels since the massive discrepancy that opened up during the pandemic. 'The CEO salary data collected this year reflects some resilience in the early-stage startup ecosystem and turmoil in the later stage market," says Healy Jones, Vice President at Kruze Consulting. #startup #startupCEO #startupCEOSalary #CEOSalary #genderpaygap #paydisparity #earlystagestartup #seriesA #seriesB https://lnkd.in/gCMhZHUE

Nice article on CEO salary

Elevate Your Startup with Strategic Compensation Benchmarking! In the fast-paced world of startups, attracting and retaining top talent is non-negotiable. That's why we're thrilled to share a game-changing solution for your company's growth journey – our comprehensive Compensation Benchmarking Packages. 💼 Why Benchmarking Matters: Salary benchmarking, also known as compensation benchmarking, plays a pivotal role in attracting and retaining top talent. It involves comparing your organization's salary and benefits against industry standards, ensuring your strategy is competitive, fair, and aligned with market trends. 🌐 Tailored Benchmarking for Startups: At Gombos Group, we understand the unique needs of startups. Our Compensation Benchmarking Packages are designed to provide you with a strategic advantage in the talent market. Choose from flexible options that cater to your specific requirements. Schedule a consultation to discuss how we can unlock unparalleled strategic insights for the success of your startup!   Not a startup, but still intrigued? We work with organizations of all size, so reach out for information on how our solutions can help you! #StartupGrowth #CompensationBenchmarking #TalentRetention #HRStrategy #StartupLeadership

New data shows that VCs contribute to the gender pay gap among startup CEOs. Based on anonymized data of 800 startups the pay gap between female startup CEOs and males CEOs is $14,000.00. 2019 - 2023 startup CEO gender pay gap data: • 2019 the pay gap was $5,000.00 • 2020 the pay gap was $45,000.00 • 2021 the pay gap was $16,000.00 • 2022 the pay gap was $20,000.00 • 2023 the pay gap was $14,000.00 When I was running a startup with investors I was made to feel as though I was wasting company money if I paid myself a living wage (yes, a living wage not even a market rate for a CEO). This might sound crazy but when the tech industry idolizes people like Elon Musk, who came from financial privilege, who boasts about not having money for rent because all his money went into his company investors develop a warped sense of reality. Many first time founders, especially women of color, implicitly trust the investors, mentors, and advisors they develop relationships with. This trust often ends up in situations where we are taken advantage of (i.e. wage gaps). The year I raised capital only 0.27% of the $58.6 billion that was invested in the U.S. went to Latinas. Knowing this statistic I would pick and choose my battles to ensure I was seen a coachable, as a good bet, and represented Latina founders well. PayDestiny was inspired by many personal experiences advocating for equitable pay. It's great to see the gender pay gap for startup CEOs has largely closed since the pandemic. Nonetheless, the pay gap has been hovering at a 10% difference for the last couple of years. Pay equity starts from the top down. With hindsight being 20/20 I'd tell my younger self to bypass any investor, mentor, or advisor that believes paying myself a market rate is unacceptable (regardless of their notoriety). If you're raising capital and wondering what startup CEOs are paying themselves based on stage and money raised check out the report below. It's a great resource. https://lnkd.in/gGePTQYx https://lnkd.in/gVTtCftq #equalpay #equalpayday #equalpayforequalwork #payequity #paygap #paytransparency #salarytransparency #salarynegotiation #salary #salarynegotiations #salarytrends #compensation #compensationandbenefits #wagegap #startup #startup #latinaintech #latinaequalpayday #latinainstem #vc #venturecapital #femalefounder

Building out a startup - attracting talent on the right terms💪 While a lot of effort is invested in selling the potential upside of the startup to recruit key employees who can add value to the business, often less attention is placed on the employment terms on which those individuals are engaged. Common pitfalls when negotiating employment contracts with key employees can be easily avoided and taking sufficient care early on can massively protect the value of the business going forward. Read more from Alex Fisher & Akshay Chauhan from Goodwin’s Employment practice below 👇👇👇 #StartupsMagazine #Startups #Entrepreneur