Professional Documents
Culture Documents
PARK SQUARE
EXECUTIVE SEARCH
Abbreviated Edition
technology
2013
cs2013tech
Sponsored By:
www.compstudy.com
Copyright 1999-2013, Park Square Executive Search LLC. All Rights Reserved
Demographics 3
On behalf of Park Square Executive Search, EY, WilmerHale, and Professor Noam
USD 1,000s
Cash Compensation
Wasserman of Harvard Business School, Id like to welcome you to the 2013 edition
$350
$300
4
5
from across the country in software, hardware, content, clean tech and other
$250
34.9
industries. The survey data for this edition were collected between May and August
of 2013.
$100
17
240.6
72
34.5
19
$200
$150
28
87.5
57
19.3
24
63.4
83.8
19.5
29.6
36.9
9.3
16.3
248.4
257.5
182.8
206.6
191.3
26
51.9
26.3
64.8
30.8
35.3
205.4
192.8
164.7
$0
174.6
180.8
152.3
CEO
Head of
Finance/CFO
Head of
Bus Dev/CBO
47.8
199.5
164.7
$50
This survey responds to our clients continuing need for better access to reliable,
18.5
260
Head of
Clinical Research
Head of
Regulatory Affairs
Research &
Develop/CSC
Head of
Platform Tech/CTO
148.7
Head of
Engineering
up, company equity plans, and a look at how organizations develop as they raise
additional financing.
This summary document provides only high level excerpts from the detailed analysis
available on-line at www.compstudy.com. Complete access to the data is available
Sponsor Information
Aaron Lapat
Managing Partner
Park Square Executive Search
www.parksquare.com
www.ey.com
www.compstudy.com | www.parksquare.com
www.compstudy.com | www.parksquare.com
#
7
Demographics
When controlling for other variables, headcount has proven to be the best predictor of non-founder cash
compensation. Equity holdings tend to be most strongly correlated with the number of financing rounds a
company has raised.
This survey of executive compensation in privately held technology companies was conducted between
May and August of 2013. The questionnaire resulted in 550 companies participating with data from over
3,000 executives in a wide cross section of industry sectors, geographies and stages of development.
Base Salary:
By Number of Full-time Employees
Geography
Equity:
By Number of Full-time Employees
1,000s USD
$300
$250
$200
$150
$100
$50
$0
14%
% Fully Diluted Shares
$350
25th
50th
Mean
75th
120 FTEs
123.8
181.5
183.7
226.3
2140 FTEs
225
250
260.7
41+ FTEs
245
275
281.5
12%
10%
11.3
8%
12.2
6%
California
28.2
New England
20
15
Mid Atlantic
4%
7.6
Midwest
2%
0%
25
15.1
25th
50th
Mean
75th
120 FTEs
6.2
10.4
11.6
289
2140 FTEs
3.6
5.3
7.4
306
41+ FTEs
3.7
5.3
6.2
West
25.6
South
10
22.3
21
17
16.3
11.6
5
0
11.8
5 or more
Business Segment
1.5 3
Software
Communications
9.2
Hardware/Semi
14
52.9
IT Services/Consulting
Digital Media/Content/Information
50
40
30
20
44.9
Clean Tech
7.5
Healthcare IT
10
18.8
Other
3.9
120
2140
14.4
4175
22
76+
#
6
www.compstudy.com | www.parksquare.com
www.compstudy.com | www.parksquare.com
#
3
Cash Compensation
This data compares 2013 compensation data with compensation data for 2012 non-founding executives. 2012 figures
are represented with both actual bonus received and total unachieved target bonus for the year. 2013 bonus figures
indicate at-plan target amounts. More granular analysis can be found online at www.compstudy.com.
The CompStudy survey also contains detailed questions around non-cash executive compensation and benefits. The
2013 online reports show base, bonus, equity at hire, current equity, and severance for each executive role. More
granular analysis can be found online at www.compstudy.com.
Equity Holdings
USD 1,000s
$400
$350
54
$300
83
33
$250
23
17
$200
$150
131
250
76
49
17
63
41
16
41
259
182
$100
189
177
185
11.6
172
33
115
56
179
19
28
48
81
26
56
27
11.8
165 169
173 178
8
7
35
168
164
43
34
188
142 142
54
48
39
176
174
31
84
51
190
161
158
3
1
$0
COO
Head of
Finance/CFO
Head of
Tech/CTO
Head of
Engineering
Head of
Sales
Head of
Marketing
Head of
Bus Dev/CBO
Head of
HR
Head of
Prof Svcs
General
Counsel
6.2
5
$50
CEO
17
2.6
2.6
2
0.9
CEO
COO
1.1
Head of
Finance/CFO
Head of
Tech/CTO
Head of
Engineering
1.2
1.2
0.6
Head of
Sales
0.8
0.7
Head of
Marketing
2013 Median
1.1
0.1
Head of
Bus Dev/CBO
0.2
0.5
Head of
HR
0.9
Head of
Prof Svcs
0.2
0.3
General
Counsel
2013 Mean
Severance Eligibility
% of base salary
% eligible for severance
70%
80
60%
70
18.6
50%
40%
60
20
17
30%
20%
16.3
12.1
9.4
46.3
31.1
11.6
38.7
25.7
10%
0%
8.6
31.9
22.3
22.2
28
48
14.9
31.8
25.3
16.2
COO
Head of
Finance/CFO
Head of
Tech/CTO
Head of
Engineering
4.8
27.1
22.5
15.8
Head of
Sales
Head of
Marketing
17
40
26
28.4
16.1
22.9
17.7
30
21.6
Head of
Bus Dev/CBO
Head of
HR
Head of
Prof Svcs
General
Counsel
63.5
20
33.3
33.9
26.3
10
0
CEO
#
4
45.8
11
50
17.4
63.3
26
18.1
CEO
COO
Head of
Finance/CFO
Head of
Tech/CTO
Head of
Engineering
Head of
Sales
21
Head of
Marketing
25
26.2
Head of
HR
Head of
Prof Svcs
34.3
16.8
Head of
Bus Dev/CBO
General
Counsel
www.compstudy.com | www.parksquare.com
www.compstudy.com | www.parksquare.com
#
5
Cash Compensation
This data compares 2013 compensation data with compensation data for 2012 non-founding executives. 2012 figures
are represented with both actual bonus received and total unachieved target bonus for the year. 2013 bonus figures
indicate at-plan target amounts. More granular analysis can be found online at www.compstudy.com.
The CompStudy survey also contains detailed questions around non-cash executive compensation and benefits. The
2013 online reports show base, bonus, equity at hire, current equity, and severance for each executive role. More
granular analysis can be found online at www.compstudy.com.
Equity Holdings
USD 1,000s
$400
$350
54
$300
83
33
$250
23
17
$200
$150
131
250
76
49
17
63
41
16
41
259
182
$100
189
177
185
11.6
172
33
115
56
179
19
28
48
81
26
56
27
11.8
165 169
173 178
8
7
35
168
164
43
34
188
142 142
54
48
39
176
174
31
84
51
190
161
158
3
1
$0
COO
Head of
Finance/CFO
Head of
Tech/CTO
Head of
Engineering
Head of
Sales
Head of
Marketing
Head of
Bus Dev/CBO
Head of
HR
Head of
Prof Svcs
General
Counsel
6.2
5
$50
CEO
17
2.6
2.6
2
0.9
CEO
COO
1.1
Head of
Finance/CFO
Head of
Tech/CTO
Head of
Engineering
1.2
1.2
0.6
Head of
Sales
0.8
0.7
Head of
Marketing
2013 Median
1.1
0.1
Head of
Bus Dev/CBO
0.2
0.5
Head of
HR
0.9
Head of
Prof Svcs
0.2
0.3
General
Counsel
2013 Mean
Severance Eligibility
% of base salary
% eligible for severance
70%
80
60%
70
18.6
50%
40%
60
20
17
30%
20%
16.3
12.1
9.4
46.3
31.1
11.6
38.7
25.7
10%
0%
8.6
31.9
22.3
22.2
28
48
14.9
31.8
25.3
16.2
COO
Head of
Finance/CFO
Head of
Tech/CTO
Head of
Engineering
4.8
27.1
22.5
15.8
Head of
Sales
Head of
Marketing
17
40
26
28.4
16.1
22.9
17.7
30
21.6
Head of
Bus Dev/CBO
Head of
HR
Head of
Prof Svcs
General
Counsel
63.5
20
33.3
33.9
26.3
10
0
CEO
#
4
45.8
11
50
17.4
63.3
26
18.1
CEO
COO
Head of
Finance/CFO
Head of
Tech/CTO
Head of
Engineering
Head of
Sales
21
Head of
Marketing
25
26.2
Head of
HR
Head of
Prof Svcs
34.3
16.8
Head of
Bus Dev/CBO
General
Counsel
www.compstudy.com | www.parksquare.com
www.compstudy.com | www.parksquare.com
#
5
Demographics
When controlling for other variables, headcount has proven to be the best predictor of non-founder cash
compensation. Equity holdings tend to be most strongly correlated with the number of financing rounds a
company has raised.
This survey of executive compensation in privately held technology companies was conducted between
May and August of 2013. The questionnaire resulted in 550 companies participating with data from over
3,000 executives in a wide cross section of industry sectors, geographies and stages of development.
Base Salary:
By Number of Full-time Employees
Geography
Equity:
By Number of Full-time Employees
1,000s USD
$300
$250
$200
$150
$100
$50
$0
14%
% Fully Diluted Shares
$350
25th
50th
Mean
75th
120 FTEs
123.8
181.5
183.7
226.3
2140 FTEs
225
250
260.7
41+ FTEs
245
275
281.5
12%
10%
11.3
8%
12.2
6%
California
28.2
New England
20
15
Mid Atlantic
4%
7.6
Midwest
2%
0%
25
15.1
25th
50th
Mean
75th
120 FTEs
6.2
10.4
11.6
289
2140 FTEs
3.6
5.3
7.4
306
41+ FTEs
3.7
5.3
6.2
West
25.6
South
10
22.3
21
17
16.3
11.6
5
0
11.8
5 or more
Business Segment
1.5 3
Software
Communications
9.2
Hardware/Semi
14
52.9
IT Services/Consulting
Digital Media/Content/Information
50
40
30
20
44.9
Clean Tech
7.5
Healthcare IT
10
18.8
Other
3.9
120
2140
14.4
4175
22
76+
#
6
www.compstudy.com | www.parksquare.com
www.compstudy.com | www.parksquare.com
#
3
Demographics 3
On behalf of Park Square Executive Search, EY, WilmerHale, and Professor Noam
USD 1,000s
Cash Compensation
Wasserman of Harvard Business School, Id like to welcome you to the 2013 edition
$350
$300
4
5
from across the country in software, hardware, content, clean tech and other
$250
34.9
industries. The survey data for this edition were collected between May and August
of 2013.
$100
17
240.6
72
34.5
19
$200
$150
28
87.5
57
19.3
24
63.4
83.8
19.5
29.6
36.9
9.3
16.3
248.4
257.5
182.8
206.6
191.3
26
51.9
26.3
64.8
30.8
35.3
205.4
192.8
164.7
$0
174.6
180.8
152.3
CEO
Head of
Finance/CFO
Head of
Bus Dev/CBO
47.8
199.5
164.7
$50
This survey responds to our clients continuing need for better access to reliable,
18.5
260
Head of
Clinical Research
Head of
Regulatory Affairs
Research &
Develop/CSC
Head of
Platform Tech/CTO
148.7
Head of
Engineering
up, company equity plans, and a look at how organizations develop as they raise
additional financing.
This summary document provides only high level excerpts from the detailed analysis
available on-line at www.compstudy.com. Complete access to the data is available
Sponsor Information
Aaron Lapat
Managing Partner
Park Square Executive Search
www.parksquare.com
www.ey.com
www.compstudy.com | www.parksquare.com
www.compstudy.com | www.parksquare.com
#
7
A SERVICE FROM
PARK SQUARE
EXECUTIVE SEARCH
Abbreviated Edition
technology
2013
cs2013tech
Sponsored By:
www.compstudy.com
Copyright 1999-2013, Park Square Executive Search LLC. All Rights Reserved