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Driving Company Value through the Compensation Committee

Attracting and retaining top talent are among the most challenging and critical CEO responsibilities.  In addition to cultivating a positive culture, compelling compensation and benefit programs provide the quantitative rationale for prospective employees to join and remain at a company. In a market with well-funded competitors, companies need to compete with terrific culture, a mission that motivates prospective employees, and yes, a competitive compensation package.

At the growth stage, our portfolio companies are rapidly scaling teams, adding experienced leadership, and rethinking organizational design. We want to provide our CEOs with effective compensation committees that can provide advice, guidance and oversight around compensation and benefit programs. Often, companies have not formally established committees by the time Catalyst invests – instituting a committee to review compensation (and particularly bonus plans) may feel like a luxury during the start-up phase. As companies scale to $8 million to $10 million of revenue and 50+ employees, they need to be able to recruit large numbers of employees and managers who weren’t part of the founding team. Those hires expect market salaries, understandable bonus plans, stock options and competitive benefit plans. The CEO benefits from putting some of the responsibility and oversight in the hands of a compensation committee that can tie the structure of the plans to long term value creation while grounding them in the realities of the competitive market.

A compensation committee is typically comprised of a subgroup of the board, and often the management team will make recommendations to the committee for review. Ideally, the committee will include independent board members who can provide neutral input. Below are a few suggested guidelines to optimize compensation committee efforts.

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Press Releases

Weave Raises $70 Million Round, Valuation Jumps by 3.2x in the Past 10 Months to $970 Million – Series D round led by Tiger Global Management

Weave, the leader in customer communication, today announced it has closed a $70 million series D funding round led by new Weave investor Tiger Global Management, with additional funding from current Weave investors including Catalyst, Bessemer, Crosslink, Pelion and LeadEdge.

Communication platform Weave’s mascots represent its three core values of being hungry, caring, and creative. The late-stage start-up raised a $70 million round–seeing a valuation jump by 3.2x in the past 10 months to $970 million.

Weave’s mission is to bring local businesses and the people they serve closer together. With an estimated 29 million small and medium businesses (SMB) in the U.S. alone, Weave’s unique set of consolidated business tools and impressive growth year over year, the company is disrupting and improving the way businesses work and communicate.

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News

Fusion Risk Management Selected to Deloitte’s 2019 Technology Fast 500 List

Catalyst portfolio company Fusion Risk Management made Deloitte’s Technology Fast 500 ranking of the fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America.

Fusion’s extraordinary 210 percent growth since 2015 has seen the company double its staff and footprint in the US and open its European headquarters in London to support an expanding client base. During this time, Fusion strategically expanded its product offerings across the broader risk management category to meet growing client and market demand, while aggressively accelerating investments in marketing, sales, and services. With its investments and unwavering commitment to innovation, Fusion has continued to set the gold standard for customer experience and success.

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