Indian Startups11mo
by ZippyPretzelMeta
Salary of CPO, SVP product
Hi, what are some average salary of CPO, Head of Product, SVP of Product at mid to late stage startups? I understand it will be a mix of cash + equity. What are those levels?
PrancingNarwhal
Is 5-7L per month in hand alot?
Anupam Mittal was shocked to know that the founders of Nasher Miles take 5-7 lakhs per month per founder
Is that alot? What has been y'all experience?
10mo ago
Find out if you are being paid fairly.Download Grapevine
GoofyDonut
Stealth10mo
Well, yes, but actually no.
Seems too excessive for early stage founders who are pitching in the tank, they should be taking in minimum salaries to contribute most to growth — Investors would like their money spent in the company, not paying salaries!
Usually founders will only start to take higher salaries after startups have reached certain quotas (e.g. Series A, etc.). And these salaries also need to be approved but the board (who the people wanting to invest in seed stage might be part of)
QuirkyDumpling
MSCI10mo
Yahi soch toh badalni hai, its better to draw heavy salary than to dupe your own company for making money like Ashneer grover and many other founders did. Rahul yadav, we work founder, etc...
GoofyNoodle
Stealth10mo
This was bootstrapped and they were making multi crore profits. The amount they were taking out is very low
CosmicLlama
Stealth10mo
none of these sharks have any right to question this. Are they running a profitable company? only 2 sharks have a profitable company. 1 shark is pappa ki pari, 1 is a one game wonder, 1 shark is running a profitable company , but its a Chinese product sold in India type trading company. 1 runs a company that has very poor partner perception,.2 sharks running the profitable company do deserve respect. they have earned.
This guy will get shocked over everything. His negotiation is very simple, what ever % the founder offer, double it. for S3, ask royalty for everything,