Like most seed stage VCs, Homebrew spends a lot of time helping our portfolio companies think about how to hire and retain the best talent. This often includes some very tactical conversations about how to pay employees, and more importantly, how to think about overall compensation philosophy. If you have company core values identified (you should!), your compensation philosophy needs to be aligned with those values.
We’ve put together some basic guidelines for startups as you think about “all things compensation.” The guide covers base salary, equity, negotiation, thoughts around compensation philosophy and best practices for closing candidates.
We look forward to hearing your feedback on this document: Compensation at Startups. We try to make these resources available to all entrepreneurs, not just those we’ve backed, in hopes of learning alongside all of you. Like our Thoughts on Diversity, this will be a living document that we’ll edit and update as we learn and get feedback. We look forward to a thoughtful and productive conversation about this topic. Don’t hesitate to contact Beth Scheer, Homebrew’s Head of Talent, if we can help your startup think about these issues.