There is a long list of topics for a CEO that just having quick benchmarks for companies of a certain size/industry/geo would be immensely valuable- and cut down on some angst. Some aren’t that important- which makes the lack of knowledge particularly frustrating. Some examples:
-employee comp benchmarks (cash & equity) that is up to date and based on enough data to matter
-Promotion, comp raise & equity refresh data
-rent per sqft, total rent, CAPEX incurred to outfit
-annual cost of legal bills
-cost of meals/office supplies
-Promotion, comp raise & equity refresh data
-rent per sqft, total rent, CAPEX incurred to outfit
-annual cost of legal bills
-cost of meals/office supplies
-cyber security investment
-avg # of direct reports
-% of goals hit each year
-# of VC meetings and length of raise by round
-True employee retention figures
-avg # of direct reports
-% of goals hit each year
-# of VC meetings and length of raise by round
-True employee retention figures
-Data around time to hire avg position (by title), # of outbound emails, # of offers given per acceptance
-Real diversity #s
-% of board meetings that each board member attends in person
-Real diversity #s
-% of board meetings that each board member attends in person
I think one thing that makes multiple time founders more effective (on avg) is not that they have all the answers, but that they have enough data to give themselves the confidence to stop worrying about the questions, make a decision and move on.
Confidence is a heck of thing.
Confidence is a heck of thing.
