The subject of compensation has traditionally been a fragile one which has left many individuals — particularly startup workers — questioning simply what drives what can really feel like random selections round pay and fairness.
Final June, software program engineers (and housemates) Miles Interest and Geoffrey Tisserand set about making an attempt to resolve the issue for firms by creating a data-driven platform that goals to assist firms construction their compensation plans and transparently talk them to candidates.
Now in the present day, the startup behind that platform, Determine, introduced it has raised $7.5 million in seed funding led by CRV. Bling Capital, Higher Tomorrow Ventures and Storage Capital additionally participated within the financing, together with angel traders corresponding to AngelList co-founder Naval Ravikant, Jason Calacanis, Reddit CEO Steve Huffman and different executives based mostly in Silicon Valley.
The startup has amassed a consumer listing that features different startups corresponding