Kevin Geary

Closer Compensation Overview

Year 1 Compensation (Series A Mark)

Cash (Year 1)
$285K
Salary + Commission + Override + Bonus
Equity (Series A Mark)
$375K
0.375% at $100M valuation
Total
$660K
Combined Year 1 value

Total 3-Year Compensation (Bear Exit Scenario)

Cash (3 Years)
$924K
Salary + Commission + Override + Bonus
Equity (Bear Exit)
$915K
0.375% at $250M exit
Total
$1.84M
Combined 3-year value
How You Get Paid
💰

Base Salary

Guaranteed monthly pay regardless of deal volume

$5,000/mo
🎯

Personal Commission

14% on every deal you close (avg $6K deal)

$840/deal
👥

Team Sales Override

0.5% of total team sales volume each month, capped at 60 deals ($360K). First 4 months only.

Up to $1.8K/mo
How the 0.5% Override Works
First 4 months only. Cap: 60 deals/mo × $6K avg = $360K/mo max → override maxes at $1,800/mo
Months 1-4 0.5% × $360K/mo cap (team does $480K) = $1,800/mo
Year 1 Monthly Snapshot (18 deals/mo)
Monthly Cash
$23,720
Base + Commission + Override + Bonus
Annual Cash
$284,640
Year 1 total compensation
vs. Old Manager Pay
+$12,554
More per month than before
Annual Cash Compensation by Year
Base ($60K)
Commission
Team Override
Bonus
3-Year Cash Compensation
Equity Compensation
$75,000 equity grant at $20M valuation = 37,500 shares (0.375% ownership)
12-month cliff, 36-month vest
Grant Value (Today)
$75,000
➔
Value at $100M (Year 2)
$375,000
5x paper return on valuation mark-up alone
Series A Mark
$100M Valuation
$375K
Paper value
Bear Exit
$250M Valuation
$915K
0.375% of proceeds
Base Exit
$500M Valuation
$1.83M
0.375% of proceeds
Bull Exit
$1B Valuation
$3.66M
0.375% of proceeds
The financial projections illustrated above are for illustrative purposes only and do not constitute a guarantee of future compensation. Actual outcomes depend on company performance, individual performance, equity vesting, and final terms in the formal employment agreement.