CEOs of early-stage startups now make, on average, $142,000 — down from $150,000 last year, WSJ reports.
CEOs in crypto, e-commerce, and direct-to-consumer industries are most impacted by the pay cuts.
In the first quarter of 2023, global venture funding reached $58.6 billion — a 13% drop from the same quarter last year, according to a report from CB Insights, a research firm.
CEOs on the losing end of the funding spectrum will feel the brunt of the pay cuts.
The consulting firm's findings on salary cuts come as CEOs across major corporations are taking pay cuts this year.