Okay, so now that you’ve come up with an essential game plan of in what manner to ask for a raise after your company has obtained investment, the next question you may be asking is, “How much do I ask for?” This is where Riva comes in, we can help you evaluate your worth by cross checking 1+m data points along with your experience and background. If you’re looking to ask for a raise and need some extra help, reach out to us!
For further value, we’ve also attached some examples when asking for a raise after a funding round:
“Hi [manager name], this is really exciting! I’m really glad the company was able to do so well and close the round so quickly. When I originally joined the company I accepted an under market rate salary because I was so excited about where the company was going and because the company would need to manage cash carefully to achieve its funding. Now that we’ve achieved some pretty significant milestones, I’d love to talk to you about hopefully getting more compensation closer to a fair market rate.”
“I’ve done some research and the range for someone like me in a job similar to this one appears to be X to Y plus (bonus, options, etc.). Can we talk about a transition path to market compensation?"
Note: If the company says that they still need you to take below-market compensation, then depending upon your position, you might be able to say that in effect you are helping to finance the company’s growth and would like to get some equity or increase your equity.
Other forms of collaborative solutions
When accepting a job offer that is below market at a small company:
“Hi [manager or recruiter name], sounds good. I took a look at the compensation offered. While this is a bit below market, I’m willing to accept this because I’m excited about where the company is going and I know we can get me to a fair market rate once the company hits certain business or funding milestones. Perhaps we can discuss a bump in compensation when the company raises its next round?”