{ "docId": "019f6b8f-71b9-7767-8357-69b177d37fb3", "docSlug": "jarvis-throne-vs-the-kingdom", "documentTitle": "Throne vs the kingdom", "authorId": "throne-vs-the-kingdom", "authorName": null, "documentKindSlug": "deck", "documentKindLabel": "Deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": null, "orientation": null, "aspectRatio": null, "pageNumber": 17, "pageCount": 45, "prevPage": 16, "nextPage": 18, "slideType": "appendix_methodology", "function": "appendix", "density": "dense", "nDataPoints": 6, "notes": "Contains two detailed footnotes explaining data sources and survey methodology.", "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019f6b8f-71b9-7767-8357-69b177d37fb3/17", "deckHref": "/decks/019f6b8f-71b9-7767-8357-69b177d37fb3", "deckJsonHref": "/decks/019f6b8f-71b9-7767-8357-69b177d37fb3.json", "deckAnchorHref": "/decks/019f6b8f-71b9-7767-8357-69b177d37fb3#slide-17", "components": [ { "bbox": { "h": 0.155, "w": 0.764, "x": 0.118, "y": 0.461 }, "kind": "paragraph", "text": "Invitations to participate in the survey are sent to the membership lists of local technology and life-sciences associations (e.g., the Massachusetts High-Technology Council), the list of private companies from the VentureXpert database, and similar databases. The invitations are sent to the CEOs and CFOs, who are offered a free copy of a detailed “CompStudy Compensation Report” based on the survey results and available only to participants.15 Because the market for executive talent varies over time, companies", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8aa4d230-53b4-46f6-bac0-f9fcd9cae72e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.355, "w": 0.764, "x": 0.118, "y": 0.094 }, "kind": "paragraph", "text": "dataset is limited to a single country, to two industries within that country, and to a specific time period, and therefore may not apply in other contexts. On the other hand, the technology and life-sciences industries are - by far - the largest industries for American high-potential startups, accounting for more than two-thirds of the angel capital and venture capital invested during the time period, and accounting for nearly half of the initial public offerings (with no other industry accounting for more than 12% of the IPOs).14 In addition, the survey time period includes startups that were founded across all stages of two major business cycles, with the vast majority of startups in the dataset founded across the boom of the late 1990s, the bust of the early 2000s, the subsequent uptick in the mid-2000s, and then the deep recession from 2009 onwards, giving us the ability to assess whether the tradeoff I examine pertains to only parts of the business cycle or across it.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e90cf93e-eee7-43a6-8a67-1b962890f3a5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.165, "w": 0.764, "x": 0.118, "y": 0.649 }, "kind": "source-note", "text": "14 According to Renaissance Capital, of the initial public offerings (IPOs) over the last decade, 48% came from those two industries, and no other industry accounted for more than 12%. According to Center for Venture Research at the University of New Hampshire and the National Venture Capital Association, of the angel capital invested during the decade, 74% went to those two industries, as did 71% of venture capital. According to Thomson’s Venture Expert Database, technology investments (including Internet, computer software and services, communications and media, semiconductors and other electronics, and computer hardware) were 56% of venture capital investments from 2000 to 2009 and life sciences investments (medical/health and biotechnology) were an additional 15%.", "attrs": null, "subkind": "source-note", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2f51953b-6f4f-485c-8861-a6ae29506909", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.165, "w": 0.764, "x": 0.118, "y": 0.773 }, "kind": "source-note", "text": "15 The report includes position-by-position breakdowns of compensation (salaries, bonuses, and equity holdings) for the eleven most common C-level and VP-level positions in private ventures. The breakdowns provide compensation benchmarks by company size and age, industry segment, geographic location, financing rounds, founder versus non-founder status, and other dimensions. The Reports were published by three professional-services firms with which I partnered in collecting the data: accounting firm Ernst & Young, law firm Hale & Dorr (now WilmerHale), and executive-search firm J. Robert Scott (now ParkSquare). In 2009, we replaced the Compensation Reports with an online data-analysis tool, at compstudy.com, that is also only available to participants. To preclude any conflicts of interest, I have never received any compensation from these firms, nor do I have any ownership stake in CompStudy.", "attrs": null, "subkind": "source-note", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5896ef49-3b2c-449f-83e8-17f33d22265d", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 28, "from": 16, "beatId": "6ab56db9-5500-45bd-902c-6cf5d17f6a2f", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Solution", "beatSlug": "sequoia-pitch-solution", "evidence": "The document presents the results of the analysis and discusses the implications.", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [ { "to": 20, "from": 10, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "93fc7fbb-9e7f-48f5-93cf-3a34bae2fc91", "evidence": "The document discusses the potential costs of inaction in terms of valuation and capital raised.", "position": 0, "objective": "Highlighting the consequences of not addressing the tradeoff between founder control and company value", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.7, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }