Data has driven change across industries, but data can only be as impactful as it is transparent. No dataset that businesses rely on has been less accessible or transparent than compensation data.
Today, if you want to understand the market for compensation you have to rely on a mind-numbing network of spreadsheets and consultants. Matt and the Pave team are tackling that process head on. They're offering a better way to understand compensation and how to make sure your salary is competitive and equitable.
The Contrary team has known Matt since before his early days at Facebook. My focus in joining Contrary is to drive later stage investments into companies that are perfectly aligned with Contrary's vision of identifying the very best people and supporting them throughout their careers. As a budding talent vortex Pave was a perfect fit.
As we've continued to spend time working with the Pave team it's become clear that they're clearly focused on becoming a critical data tool for any company to add transparency to their compensation process.
We couldn't be more excited to back Matt and the team as they break down barriers to data-driven compensation planning.
Disclosure: Nothing presented within this article is intended to constitute legal, business, investment or tax advice, and under no circumstances should any information provided herein be used or considered as an offer to sell or a solicitation of an offer to buy an interest in any investment fund managed by Contrary LLC (“Contrary”) nor does such information constitute an offer to provide investment advisory services. Information provided reflects Contrary’s views as of a time, whereby such views are subject to change at any point and Contrary shall not be obligated to provide notice of any change. Companies mentioned in this article may be a representative sample of portfolio companies in which Contrary has invested in which the author believes such companies fit the objective criteria stated in commentary, which do not reflect all investments made by Contrary. No assumptions should be made that investments listed above were or will be profitable. Due to various risks and uncertainties, actual events, results or the actual experience may differ materially from those reflected or contemplated in these statements. Nothing contained in this article may be relied upon as a guarantee or assurance as to the future success of any particular company. Past performance is not indicative of future results. A list of investments made by funds managed by Contrary (excluding investments for which the issuer has not provided permission for Contrary to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at www.contrary.com/investments.
Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by Contrary. While taken from sources believed to be reliable, Contrary has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Please see www.contrary.com/legal for additional important information.