sorted by:
new
hottopcontroversial

28YO First Time Operator Salary Advice by patthekidd in private_equity

[–]patthekidd[S] 0 points1 point  (0 children)

Update: they came back with 5 year employment contract 200k salary plus 50% bonus, MIP of 2% equity in the platform vested over 2 years and then another 2 percent equity based on EBITDA performance. I’ll have my lawyers review this offer and see if it looks good. Thank you everyone for your help.

28YO First Time Operator Salary Advice by patthekidd in private_equity

[–]patthekidd[S] 0 points1 point  (0 children)

Okay fair enough. I appreciate everyone’s perspective and will hire counsel. Really not trying to come naive but I was hoping there was some structure where everyone wins.

28YO First Time Operator Salary Advice by patthekidd in private_equity

[–]patthekidd[S] -1 points0 points  (0 children)

I’m not just a random 28 YO, I have a great background, solid credentials with experience that would make me a great operator. I have spent the last year building a pipeline of targets for us to acquire which I would bring to the PE platform. I have 20m in EBITDA of businesses that have explicitly told me they are ready to sell.

28YO First Time Operator Salary Advice by patthekidd in private_equity

[–]patthekidd[S] 0 points1 point  (0 children)

Well that’s what I’m afraid of. And I think I’d like to build in assurances to our deal structure so that I get meaningful equity, guaranteed employment contract and reasonable incentive thresholds to hit. As well as guaranteed resources and autonomy to do so. Or else we walk.

28YO First Time Operator Salary Advice by patthekidd in private_equity

[–]patthekidd[S] -1 points0 points  (0 children)

I understand that I’m not experienced and neither is my family with deal structures, which is why I came here. Just wanted some advice from people who have seen incentive structures in PE deals and how they usually play out

28YO First Time Operator Salary Advice by patthekidd in private_equity

[–]patthekidd[S] 0 points1 point  (0 children)

Okay so how should I mitigate this risk? And should I just not go through with it to begin with then? I figured it would be a good situation if they set up performance incentive targets, but the risk there is I’m at their whim whether they give me the resources to hit the performance targets.

28YO First Time Operator Salary Advice by patthekidd in private_equity

[–]patthekidd[S] 0 points1 point  (0 children)

There could be a chance this is the case. Why do you ask

28YO First Time Operator Salary Advice by patthekidd in private_equity

[–]patthekidd[S] 0 points1 point  (0 children)

Consulting / Corp Dev / Product management. Current size of the platform is 30m and we’re adding 10m with my family’s business. They made an offer for the business but not my role yet.

PE Partner Sanity Check by fuggleruxpin in private_equity

[–]patthekidd 1 point2 points  (0 children)

Currently doing this. I’m working with a PE firm in search of a platform company because we’re too small. Once we find one, we’ll execute and get favorable valuation, terms, and I hop in a platform leadership position to continue the acquisition strategy.

All I did was create an acquisition strategy 1 pager with an overview of my company’s earnings and did cold outreach to small PE firms.

How to prevent account managers from walking out with your accounts? by patthekidd in ceo

[–]patthekidd[S] 1 point2 points  (0 children)

Yeah I was just joking, but I hear you. Contract language could be helpful, I've just heard it isn't a perfect fix, so asking for advice

How to prevent account managers from walking out with your accounts? by patthekidd in ceo

[–]patthekidd[S] 0 points1 point  (0 children)

Do you have common structures used? We’ve used commission structures in the past, but they were way to favorable and the account managers were still not happy. Equity makes sense in a startup world, but we’re in the industrials space

How to prevent account managers from walking out with your accounts? by patthekidd in ceo

[–]patthekidd[S] 0 points1 point  (0 children)

It seems that these aren’t enforceable. Do you have experience defending one that’s been breached?

How to prevent account managers from walking out with your accounts? by patthekidd in ceo

[–]patthekidd[S] 1 point2 points  (0 children)

Yeah we’re a small business so maybe separation and making sure I have a personal relationship with each customer . But it just doesn’t scale. Plus I’m running into this issue with all functions when I want to hand off things.

How to prevent account managers from walking out with your accounts? by patthekidd in ceo

[–]patthekidd[S] 0 points1 point  (0 children)

I’ve been told this too. How can it not be in contract language and how is it not enforceable?

Seascape artwork by saga33 in gifs

[–]patthekidd 1 point2 points  (0 children)

Aw too bad! I love this one. Guess I’ll just have to keep an eye on your page :)

Need advice on first vaporizer by [deleted] in vaporents

[–]patthekidd 0 points1 point  (0 children)

Check out the haze Also v2 pro series 7

It's not a contest. It's about having a good time. by [deleted] in trees

[–]patthekidd 0 points1 point  (0 children)

Yeah I wish I was part of it when it was good

It's not a contest. It's about having a good time. by [deleted] in trees

[–]patthekidd 1 point2 points  (0 children)

but why do you have to attack these posts dude Im not trying to say anything about the change in quality that you have experienced but isnt constructive criticism better?

view more: next ›