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The tactical playbook for getting 20-40% more comp (without sounding greedy) | Jacob Warwick (Executive Negotiator)

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PodcastLenny's Podcast: Product | Career | Growth
Publisher/creatorLenny Rachitsky
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About this episode

Jacob Warwick is an executive negotiation coach who helps senior operators negotiate better salary, equity, titles, and severance packages. He has worked with leaders across tech and Hollywood, was previously a founder and CEO himself, and has helped clients secure millions in additional compensation. His approach focuses on collaboration over confrontation, understanding motivations, and treating job searches like enterprise sales processes. We discuss: 1. Why a simple “What’s the chance there’s a little more here?” often unlocks a 20% bump 2. Why Jacob sees 40% average movement when negotiations are run well 3. When negotiation actually starts (hint: it’s much earlier than you think) 4. Why information + timing create power 5. The biggest mistakes people make when negotiating 6. How to navigate the important “What’s your comp expectation?” question without anchoring too low 7. Why the best interviews feel more like discovery calls than interrogations — Brought to you by: Orkes —The enterprise platform for reliable applications and agentic workflows Mercury —Radically different banking Omni —AI analytics your customers can trust — Episode transcript: https://www.lennysnewsletter.com/p/the-tactical-playbook-for-getting-more-comp — Archive of all Lenny's Podcast transcripts: https://www.dropbox.com/scl/fo/yxi4s2w998p1gvtpu4193/AMdNPR8AOw0lMklwtnC0TrQ?rlkey=j06x0nipoti519e0xgm23zsn9&st=ahz0fj11&dl=0 — Where to find Jacob Warwick: • Substack: https://www.execsandthecity.com • YouTube: https://www.youtube.com/@ExecsandtheCity • Website: https://www.thinkwarwick.com • Complete Job Search Course: https://www.execsandthecity.com/p/complete-job-search-course — Where to find Lenny: • Newsletter: https://www.lennysnewsletter.com • X: https://twitter.com/lennysan • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/ — In this episode, we cover: (00:00) Introduction to Jacob Warwick (04:12) How much comp people leave on the table (07:52) Why you shouldn’t feel greedy asking for more (09:45) What founders should know about negotiation (13:03) How Jacob works behind the scenes (15:35) The biggest mistakes people make when negotiating (19:30) Home-field advantage and controlling the conversation (23:02) The step-by-step approach to negotiating an offer (30:17) Jacob’s passion and why these tips don’t work on kids (32:04) Who should speak first about compensation (35:36) Understanding power (39:52) Breaking out of salary bands by focusing on pain points (45:45) Brief summary (47:20) Selling the vacation: How to visualize success (50:07) Controlling the narrative and planting seeds (59:01) Jacob’s role as hype man (01:01:05) Positioning yourself like a product (01:02:49) Making the process frictionless for hiring managers (01:06:20) Flipping the interview to extract information (01:12:17) Five tactical tips for negotiating comp (01:21:45) What to do when negotiations fall apart (01:25:05) Why negotiation is different for every individual (01:28:55) Why outcomes aren’t predetermined (01:32:52) Wild Hollywood negotiation stories (01:37:35) The first step you should take after getting an offer (01:40:30) Jacob’s personal mission (01:44:42) Lightning round and final thoughts — Referenced: • The ultimate guide to negotiating your comp: https://www.lennysnewsletter.com/p/the-ultimate-guide-to-negotiating • Sam Altman on X: https://x.com/sama • Tom Brady on X: https://x.com/TomBrady • Career Huddle: Interview & Negotiation Master Class with Jacob Warwick: https://www.youtube.com/watch?v=TgjWTiSj8E8 • Salesforce: https://www.salesforce.com • Julia Roberts: https://en.wikipedia.org/wiki/Julia_Roberts • Matt Damon: https://en.wikipedia.org/wiki/Matt_Damon • Steven Spielberg: https://en.wikipedia.org/wiki/Steven_Spielberg • Marc Andreessen: The real AI boom hasn’t even started yet: https://www.lennysnewsletter.com/p/marc-andreessen-the-real-ai-boom • Chris Voss’s quote: https://www.goodreads.com/quotes/10181396-remember-never-be-so-sure-of-what-you-want-that • Chris Voss on X: https://x.com/fbinegotiator • Werewolf: https://playwerewolf.co • Modes of persuasion: https://en.wikipedia.org/wiki/Modes_of_persuasion • How to use tactical empathy: https://www.linkedin.com/posts/christophervoss_tacticalempathy-negotiation-customerexperience-activity-7361004118808670212-oeRy • ZOPA, BATNA and Win-Win in Negotiation: https://www.parallelprojecttraining.com/blog/zopa-batna-and-win-win-in-negotiation • Marvel: https://www.marvel.com • Negotiation Made Simple podcast: https://www.buzzsprout.com/2227030 • Luca on Disney+: https://www.disneyplus.com/browse/entity-f28b825f-c207-406b-923a-67f85e6d90e0 • Minuscule : https://www.youtube.com/user/Minuscule • Claude Cowork: https://claude.com/product/cowork • Macrofactor: https://macrofactor.com • Whoop: https://www.whoop.com • Gemini: https://gemini.google.com/app • The Cody Dieruf Foundation: https://breathinisbelievin.org • Cystic Fibrosis Foundation: https://www.cff.org — Recommended books: • Negotiation Games : https://www.amazon.com/Negotiation-Games-Routledge-Advances-Theory/dp/0415308941 • Influence: The Psychology of Persuasion : https://www.amazon.com/Influence-Psychology-Persuasion-Robert-Cialdini/dp/006124189X • You Can Negotiate Anything: How to Get What You Want : https://www.amazon.com/You-Negotiate-Anything-Herb-Cohen/dp/0806541229 • Negotiation Made Simple: A Practical Guide for Solving Problems, Building Relationships, and Delivering the Deal : https://www.amazon.com/Negotiation-Made-Simple-Relationships-Delivering/dp/1400336325 • Radical Candor: Be a Kick-Ass Boss Without Losing Your Humanity : https://www.amazon.com/Radical-Candor-Kick-Ass-Without-Humanity/dp/1250103509 • High Output Management : https://www.amazon.com/High-Output-Management-Andrew-Grove/dp/0679762884 • How to Win Friends and Influence People : https://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034 — Production and marketing by https://penname.co/ . For inquiries about sponsoring the podcast, email [email protected] . — Lenny may be an investor in the companies discussed. To hear more, visit www.lennysnewsletter.com

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Episode summary

What’s the biggest mistake people make when negotiating comp?

We default to email or a recruiter relay and lose tone, timing, and control; get on a live call with the person who owns the budget so you can read the room and steer the conversation.

A lot of us are afraid to ask for more because we don’t want to seem greedy or blow the offer.

You’re not being greedy; companies capture far more value than they pay, so a calm ask like, is there room to move a bit, is reasonable and often yields a meaningful bump.

Today’s guest is Jacob Warwick, a behind‑the‑scenes negotiator for senior tech leaders, athletes, and Hollywood talent; we’re going deep on tactics, psychology, and the costly mistakes most people don’t realize they’re making.

Thanks for having me; I’ve been amped for this and ready to get surgical about comp.

How much do people usually leave on the table when they don’t negotiate?

Even a gentle push often unlocks around twenty percent; with a tight process, I target closer to forty and, when the scope truly warrants it, we can break bands altogether.

Founders and hiring managers might cringe hearing this; why should they welcome stronger negotiations?

If you want elite talent and retention, make comp creative and performance‑aligned; milestone triggers and shared upside keep stars engaged and can save you far more than they cost.

You operate quietly, advising clients without showing up in the room, right?

I’m fingerprint‑free; clients run point while we pre‑brief, script, slow things down, and debrief, because haste adds risk and every touchpoint is part of the negotiation.

What’s another major mistake people make?

They think negotiation starts at the offer; it starts with your public narrative, what you tell recruiters, and even your profile—frame the future you, share less commoditizing detail, and correct the story live.

So when an offer arrives, don’t email back; get face‑to‑face with the decision‑maker, ideally on your terms.

Yes, control the setting and time when you’re sharp, and if you can shift the venue or take a walk, you turn a standoff into a side‑by‑side problem‑solve.

Walk me through your first moves after receiving an offer.

Lead with gratitude and enthusiasm, signal the deal can get done, take a couple days to review, then discuss scope, value, and range rather than numbers, and ask what earns the top of the band.

Who should speak first on compensation?

Defer specifics until an offer is imminent; if pressed, explain you need scope to be clear and ask what range they had in mind, then align to value instead of anchoring your own ceiling.

Won’t pushing back like that risk the whole process?

Power grows when you can say no, but even if you can’t, polite resistance is a signal test; disrespect is revealing, and you can still practice, learn, and bow out gracefully with helpful referrals.

Your core philosophy seems to reject rigid benchmarks and center on pain solved; how do you frame that in interviews?

Treat it like an enterprise discovery: confirm why you’re in the room, map the real problems, learn what they’ve tried, and paint a credible picture of success you’ll build together.

And you stress not overpromising while still showing confidence.

Be assertive, not aggressive; slow the process to learn what truly matters, under‑promise, then over‑deliver so you expand the pie rather than just ask for a bigger slice.

How do you help people feel confident they’re worth more?

Reframe the search in the language they know—sales funnels, PRDs, and removing friction—and design a simple path that makes choosing you the easy, high‑value option.

Companies negotiate daily and hold more information; how do you counter that?

Win back power with information and timing; build champions across functions, learn their incentives, and use their own criteria and words to justify exceptions.

Top tactical takeaways?

Never be so sure of your worth that you’d refuse more; don’t reflexively split the difference; be patient; lead with empathy as well as logic; collaborate with we‑language and get creative beyond base and bonus.

And above all, don’t negotiate by email.

Right; tone, timing, and humanity don’t transmit well in an inbox, but they do on video when you can read and respond in real time.

What if an offer is pulled or talks go sideways?

Own mistakes, be authentic, and reopen the door with integrity; respect and fit often matter more than bravado, and transparency can reset the relationship.

Is there a universal step‑by‑step guide to comp negotiation?

No; context rules, so lean on curiosity and empathy, because power is mostly information plus timing, not a rigid script.

Share one example that shows how a tiny shift can change the outcome.

Early in my career I dodged the pay reveal, asked what range they had in mind, and leapt from an hourly wage to a six‑figure salary in one move because I let them anchor and then matched to value.

For someone about to get an offer, what’s the first move?

Thank them, slow it down, and move the conversation to a live call with the decision‑maker so you can explore scope, value, and levers before you ever talk numbers.

You’re sharing a lot openly; where should people go to dig deeper?

I publish free playbooks and courses because making this knowledge accessible matters to me, and helping people feel safe and capable in high‑stakes moments is the whole mission.

I keep my stack small: Claude for AI work, MacroFactor for macros, and a Whoop strap that helped me lose about fifty pounds by focusing on sleep and recovery. I also use Gemini, and those two feel like the leaders.

Do you have a motto you come back to in work or life?

Lead with help, not asks; real relationships grow when you look for ways to be useful.

You’re starting a foundation; what is it and who does it serve?

I’m on the board of the Cody DeRouf Foundation in Bozeman, where we help families in rural Montana reach the care they need for cystic fibrosis. A mom with three sons all living with CF lost her oldest at twenty-nine when a transplant was out of reach, but we later funded a life flight for her next son to Denver for surgery that saved him, which left her with the grief of not knowing we existed sooner.

When my own son was diagnosed, the network I had built closed ranks fast; within a day I was on with top clinicians, and the FDA told me his drug would be cleared for one-year-olds while Trikafta moved from six to two. That support is why we focus on closing access gaps, and we’re in talks with the Cystic Fibrosis Foundation whose backing helped push life expectancy from roughly seven years to around seventy.

Where can people reach you, and how can listeners be useful?

Be your own advocate and lift others when you can. I’m mostly offline after deleting LinkedIn, though a Substack post about that took off.

Jacob, this was awesome. Thank you for being here.

Thanks, Lenny—I had a lot of fun.

That’s right, I keep a small reminder at the table that the aim is to have fun.

Thanks for listening. Subscribe on Apple or Spotify, leave a quick review, and find past episodes at Lennyspodcast dot com, and see you next time.

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