I (senior software dev) have been contracting for a small tech company for the past couple of months and was recently extended an offer for the position of CTO. I was told to come back to them with a quote for my desired salary.
I am not sure how to approach this, given:
- the company is small; I suspect they can't match median salaries for such a position in my city
- this is a remote position; I am based in a more expensive city than where the company is based
- I don't want to come off as greedy! It may sound silly but it sounds a bit crazy, even to me, to just double/triple/whatever my current contract fee
Ultimately, I'd like to take the offer because I like the people and what they do. I prefer smaller companies too.
It's nice to get paid more but I wouldn't say I am money-driven. I am aware that my salary won't be as high as the "norm"
How do I approach the evaluation of the quote I need to give, or the one I will receive?