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NanoGene Case Study. By MTiPO: Desiree Fabunan Yee Han Kuan Svyatoslav Mishchenko Patrick Lin Ngai Lung Wenhan Zhou. Decision. Decision Hire Paige Miller as CEO Make Will Tompkins Chief Scientific Officer Assumptions: We want to maximize the strength of the company and the team
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NanoGene Case Study By MTiPO: Desiree Fabunan Yee Han Kuan Svyatoslav Mishchenko Patrick Lin Ngai Lung Wenhan Zhou
Decision • Decision • Hire Paige Miller as CEO • Make Will Tompkins Chief Scientific Officer • Assumptions: • We want to maximize the strength of the company and the team • Paige will accept more responsibilities in exchange for a lot of equity • Tompkins will accept relinquishing some of his responsibilities as CEO • Co-founders will accept Paige’s leadership
Compensation Details • Compensation: • $175,000 yearly • 7.81% post-series A equity (3.15% times 2.5), vested at: • 20% at start, 20% at year’s end, 60% at 2% per month • Motivation • Keeping her responsible by giving ownership of the company • Rewards (equity value) based on effort • Vesting with milestones so that things get done • Signals to Paige • Her contribution and value to the company are important • She has a lot of responsibility and power in the company • Company did its best to provide a fair package given means