The startup I work for as a low level executive just closed Series B in the past 3 months after a successful series A last year or the year before.
Our customer base has grown about 800% and along with that so have the amount I have to work, manage, and responsibilities.
I’m already getting paid pretty well, maybe 50k less than market - but would it be appropriate to ask for a compensation review after Series B? Or do boards / investors not like to see new Series money going to increasing existing engineers / executives pay?
I’m just working so much (10-12hr days, 6-7 days a week) and pretty much on call 24/7 which has only grown with our growth.
Whenever asking for salary adjustments what you should make a list of your accomplishments since last time and how they have contributed to the company success. Be as specific as possible with what your contribution was.
You want them to realize that spending $100k on you makes them 5x that much.
Also, maybe document inflation as well if they haven’t adjusted for that in a while.