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Gerta & Alex are the founders of YourNegotiations.com, where they help executives and mid-career professionals negotiate job offers and business deals. Their backgrounds span tech (LinkedIn, Meta / Instagram, Salary.com), biotech (Sanofi), the US Air Force, venture capital, and building venture-backed companies. They're Harvard, MIT, and Wharton alums and have helped hundreds of clients add on average $100K and up to $1.7M to their compensation packages.
Hi Reader, Andrew Chen, a General Partner at a16z, recently shared five tips for founders who are hiring their first team after a seed round. As founders ourselves, we think these are great. But as negotiation advisers for job seekers, we find one of these to be very dangerous for your career. If you’re a job candidate, you want to be careful if a company ever proposes what Andrew suggests in Tip #4. Andrew's advice is for founders to interview for the actual work. He writes that "the ideal...
Hi Reader, Earlier in his career, Alex interviewed for a role he was really excited about. The company was a market-leading rocketship, he'd report directly to the founders, and the recruiter was friendly and quick to respond. Alex noticed though there was one line the recruiter repeated on every single call, from the first screen to the check-ins between interview rounds: "Just so you know, we have a company policy where the first offer we give is the best and final. We don't negotiate...
Hi Reader, Last Thursday, we hosted a live panel on negotiations for founders as part of a16z's SF Tech Week. Most founders don't think of their day as a negotiation. As Connor (CEO of Hyperspell) said while welcoming everyone, "Fundraising and sales and hiring, and basically everything you do all the time is a negotiation." Your cofounder split, design partners, vendors, key hires, and someday an acquisition are all governed by the same negotiation dynamics. Below are the key principles we...