[twocol_one] Ola Bengtsson Johnson School Cornell University Ithaca, NY 14853-6201 Tel.: 607.254.8807 lob2@cornell.edu [/twocol_one] [twocol_one_last] John R. M. Hand Kenan-Flagler Business School UNC Chapel Hill Chapel Hill, NC 27599-3490 Tel.: 919.962.3173 hand@unc.edu [/twocol_one_last] We study the pay earned by CEOs during the early life-stages of private venture-backed firms. The typical venture-backed startup needs considerable external […]