| Topic Name: |
VC Compensation |
| Message Name: |
Salary history |
| Date Posted: |
08/01/2001 |
| In Reply To: |
Hi everyone,
I've been interviewing with a VC company (4 partners; $250Mil) for an associate position and they asked me about my salary history and expectations. I dodged that question last week, but they called and pressed again this week. They said they're a little behind in the recruitment process, that I'm their leading choice, but that they do need to know my salary history and expectations before they can make any decisions. Help! Any sage advice from anyone out there? How should I approach this and how much should I disclose? Also, what range can I expect for compensation from them? Thanks so much in advance! |
| Message: |
It's a double-edged sword and there is no easy answer to this multi-faceted question. Too many considerations. The truth is, if a company is really that serious about you, they're not going to low-ball you with a lame offer (10% above what you were making in your most recent position - standard salary increase). Most companies will negotiate with you until you settle on something that fits. If the company sticks hard and fast to the 10% "rule", move on, there are greener pastures out there.
Bugg
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