Startup founders – stay hungry, stay foolish.
By Samihah Azim (Founder & CEO, GleeBox)
I recently went to an event on Fundraising where Ajit Medhekar, part of Band of Angels, sat on the panel to discuss early stage fundraising and the various seed investment structures. He mentioned that if you’re getting paid, you’re most certainly not a Founder, specifically if this is an early stage company where all you really have is seed investment.
Barely 40 minutes later, I met a founder who’s considering shutting down their company because it wasn’t performing well. They sounded defeated and heartbroken, but this is a tale that’s all too common in Silicon Valley.
I remembered what I’d been told – that in this case, most men would just forge on and make a counter offer, so that’s what I should do, and it was not a big deal on the company’s side.
You should constantly be asking people about salary. Go ahead – ask.
By Rania Anderson (Co-Founder, Women’s Capital Connection)
“Let me say it again: You are not prepared unless you know the market value of your contributions. I can’t stress this enough. Why is it such a big secret? Seriously. What are you worth? What I’ve learned is, you should constantly be asking people about salary. Really wrap your arms around what work is worth what, The more you talk to people and the closer you get to them, the more they will tell you. Go ahead — ask.” – Mika Brzezinski, Knowing Your Value: Women, Money and Getting What You’re Worth
Women are often told that they need to do a better job negotiating their level of compensation. The advice often leaves out a critical
Ask for compensation. Discuss salary. Negotiate. Be financially independent.
By Leah Eichler (Contributing Writer, Femme-O-Nomics)
My first job in journalism, as an intern at a magazine in Jerusalem, paid approximately $500 a month. At the time I felt thrilled by the opportunity and promptly found a part-time job in retail to support my full-time job as a journalist but I think the consequences may have haunted me throughout my career.
Looking back, this wasn’t the only time I downplayed the importance of proper payment for work. Like many others, the topic of compensation makes me uncomfortable, especially when it relates to work I love.
By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)
How’s this for an opening line: “I work for a large multinational tech company, I regularly hire woman for 65% to 75% of what males make. I am sick of it, here is why it happens, and how you can avoid it.”
The hot topic on Reddit this week:
Today I finished interviewing my third new hire this month, two of which are women. They both are getting paid substantially less than the man I hired earlier this month, and to be honest I am getting tired of that. I don’t set the wages, I just handle negotiations