In case you missed it amongst the chaos of late – a really interesting survey of Australian Startup salaries – the Think & Grow – Australian Startup Salary Guide 2019-2020, a research report prepared by Think & Grow and AWS,
Insights from the 2020 Startup Salary Guide
While the data looks a little thin in places to give reliable stats (even though they took data on over 1000 remuneration packages from 63 venture capital-backed companies) it is a useful and rare source of benchmarking.
Founder dilution in startups with investment
Most interesting are the CEO dilution metrics which show CEOs own on average:
- 44% of equity where < $500k raised
- 47% between $500K and $1M raised
- 26% between $1M and $3M
- 23% between $3M and $5M
- 25% $5M to $10M; and
- 6% from $10M+ raised.
Salaries for startup COOs
Of 21 reported Chief Operating Officer/Head of Ops/Head of Strategy, the mean salary was $148,250 with 42% having ESOP.
Salaries for startup CFOs
While of 19 CFO/VP/Head of Finance mean salary was $166,370, 52% having ESOP.
Access to ESOP plans for startup employees
Broader access to ESOP plans looks low, and patchy with only 40% of Sales, 38% of Engineering hires reportedly having ‘access’.
This It seems like a remarkably low number given the general availability of tax-efficient ESOPs nowadays.
We’d be keen to know what you take from it?!? Leave a comment below👇
The report was supported by the likes of Blackbird, Transition Level Investments, Reinventure, Artesian Capital, Black Sheep Capital, Startup Aus, Carthona Capital, Airtree, Full Circle Venture Capital and NAB Ventures.