Early-stage CEOs saw a small increase, but late-stage startups saw a large decline
San Francisco, April 11, 2024 /PRNewswire/ — Kurze Consultinga startup accounting and CFO consulting firm serving more than 800 venture-funded startup clients. today released new data on CEO pay. This report is based on anonymized salary data and is the longest and largest startup CEO salary report in the world. On average, startup CEO salaries decreased, but early-stage CEOs saw small increases and Series B CEOs endured their 10% pay cuts. The pay gap between female and male CEOs remains persistent. $14,000however, it expanded on a percentage basis due to a decline in average salaries.
Kurze Consulting
Kurze Consulting
“CEO pay data collected this year reflects the resilience of the early-stage startup ecosystem and the turmoil in the later-stage market. Salaries were strong for seed and Series A startups, but for Series B On average, CEO pay decreased. There were fewer funding rounds, the quality of companies raising seed and Series A rounds was higher, and CEOs were better compensated compared to the previous year.” said. healy jones, Vice President of Kruse Consulting. “The gender pay gap is concerning, as it has not recovered to 2019 levels since the wide disparities emerged during the pandemic.”
The gender pay gap in 2019 was $5,000 It was later expanded $45,000 In the middle of a pandemic. Although it has recovered slightly since 2020, it remains flat. $14,000In the past two years it has been around 10%. Professional startup investors are typically involved in determining executive compensation, so this is where VCs have an opportunity to influence change. We have conducted this study annually since 2018 to provide founders and investors with the data they need to make informed decisions when determining executive compensation.
The average salary for a startup CEO is $142,000 Slight decrease in 2023 $141,000 For CEOs of Series B startups, average salaries have decreased by almost 10% from 2024. $251,000 since last year $227,000 Series A CEO salaries increased by 6.5%. $168,000 By 2023 $179,000 The average salary for a seed-stage CEO increased by 2.3% from 2024. $129,000 By 2023 $132,000 These days, only the best startups have been able to raise seed and Series A rounds, facilitating increased CEO pay. Over the past two years, it has been extremely difficult for Series B and above companies to raise capital, so these executives have responded by keeping executive compensation low to preserve capital.
About Kruse Consulting
Kruze is a leading provider of accounting, tax, CFO and financial advice to more than 800 start-up companies across the United States and is listed as one of the fastest growing CPA firms in the country . To date, Mr. Kruse’s clients have raised more than. $15 billion We are a venture capital firm and market-leading Saas, software, e-commerce, biotech and fintech startup. Founded in 2012 Vanessa Krusea Big 4 graduate, startup manager and CPA, the company manages accounting. tax, finance and human resources for several fast-growing startup companies. Interim CFO consulting, financial modeling, startup tax returns, venture debt consulting, 409A valuations, bookkeeping, AR/AP, early stage financing advice and more, all seamlessly managed by his Kruze experts. For more information, please visit https://kruzeconsulting.com/.
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