What determines founder salary levels?

One week ago, Compass.co released results from a survey that showed that 73% of startup founders make less than $50k per year and entrepreneurs around the world have been talking about it ever since. To answer some of the many great questions posed, we went back to our data to bring you more answers. For all data …

73% of Startup Founders Make $50,000 Per Year or Less

Our survey data shows startup founders are living lean, paying themselves low salaries. Even in Silicon Valley, 75% of founders make less than $75,000 per year. In 2008, Peter Thiel, venture capitalist and co-founder of PayPal, was the first to publicly propose the idea that higher founder salaries are correlated with lower levels of success. …

Steve Blank helps fund Compass’ future

One month after launching Compass.co, a next-gen benchmarking tool, Compass announces the $700,000 in funding it received in 2012. We’ve also hired a full team of data scientists and engineers to expand functionality for our 30,000 users.  The team (in above graphic, from top to bottom, left to right): Bjoern Lasse Herrmann, Jason Chuan-Chih Chou, …

Announcing the launch of Compass

Friends, In the past two years, we’ve achieved unprecedented insights for startup and software CEOs. Our research has demonstrated that premature scaling is the fastest path to failure and that CEOs with mentors to provide benchmarks are 7 times more likely to be successful than those who lack such critical reference points. Now—continuing on our …

Should you bank on Twitter? Yes, if your product is free, Compass benchmark analysis has found.

By Bjoern Lasse Herrmann After only ten years, social media has a huge global penetration, allowing businesses to reach nearly 2 billion people, practically the entire online population, through just a few platforms. Naturally, there is a lot of hype. The question is whether the hype is deserved. To allow leaders to make more effective, …