What is Founder Salary Calculator?
Six years after the initial release of the P9 Founder Salary Calculator, we've joined forces with Figures to release a new version, updating the methodology and adjusting it based on market data from more than 700 data points collected across Europe.
Problem
As founders navigate starting and running a business, determining an appropriate salary for themselves often proves challenging, complicated by a lack of updated, reliable market data to guide them. The main drawbacks are the uncertainty and potential financial instability caused by not knowing how much to pay themselves.
Solution
A new version of the Founder Salary Calculator, developed in collaboration with Figures, provides an updated tool to help founders determine a suitable salary based on more than 700 data points collected across Europe.
Customers
Startup founders, entrepreneurs, and business owners across Europe looking for data-driven guidance on setting their own salaries.
Unique Features
The unique feature of this product is the updated methodology and the extensive dataset of more than 700 data points specifically collected from European markets, which allows founders to make well-informed salary decisions.
User Comments
Founders appreciate the tool for providing a clear benchmark.
Users commend the updated data, noting its relevance.
There's positive feedback on the simplicity and ease of use.
Entrepreneurs value the Europe-specific data for accurate decision-making.
Several users expressed appreciation for the methodological improvements over the previous version.
Traction
While specific numerical traction details such as version releases, user numbers, or revenue are not provided, the mention of a significant update after six years signals continuous improvement and adaptation. The reliance on more than 700 European data points signifies substantial regional market insights.
Market Size
The market for salary calculation tools, particularly those tailored for founders, is niche but significant within the entrepreneurial ecosystem. Given the increasing number of startups in Europe, which surged to 275,000 in 2021, there's a notable demand for reliable, data-backed salary guidance.
