Andrew Paradise is the CEO and founder of Skillz Inc., a leading platform for mobile gaming that emphasizes fair competition. With a degree from the University of California, Berkeley, he has built a solid background in technology and entrepreneurship. He...

Andrew Paradise is the CEO and founder of Skillz Inc., a leading platform for mobile gaming that emphasizes fair competition. With a degree from the University of California, Berkeley, he has built a solid background in technology and entrepreneurship. He started Skillz in 2012 and quickly positioned it as an innovative player in the gaming sector. Interestingly, Andrew has a track record of significant ventures, including founding AisleBuyer, a mobile self-checkout technology that was acquired by Intuit. He's been recognized in various media and has even made it to the San Francisco Business Times' 40 Under 40 list. On the financial side, Andrew's compensation reflects the ups and downs of the company's performance: in 2022, he earned over $26 million thanks to vested stocks. In 2021, he faced a notable setback when 16 million performance stock units were canceled. This move was aimed at reducing shareholder dilution and focusing on long-term growth. Under his guidance, Skillz has attracted attention from investors and has continued to innovate in the competitive gaming market, which is a significant achievement for a platform in such a fast-paced industry.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Andrew Paradise

Founder and CEO of Skillz

Education

B.A. from UCLA

Field of Expertise

Technology & Engineering - Technology

Sector of Economy

Technology

Born

April 1, 1982 - 43 years ago

CEO of Skillz for

4 years 5 months (Dec 2020 - Present)

Previous Experience

Founder of AisleBuyer, which was sold to Intuit.

Rivals

Competitors/colleagues of Andrew Paradise

Holdings

See how much did Andrew Paradise make over time.

Andrew Paradise has navigated some significant highs and lows in his stock holdings related to Skillz. In 2022, his wealth was largely tied to 28.98 million restricted stock units (RSUs), valued around $25.875 million upon vesting. Previously, in 2021, he...

Andrew Paradise has navigated some significant highs and lows in his stock holdings related to Skillz. In 2022, his wealth was largely tied to 28.98 million restricted stock units (RSUs), valued around $25.875 million upon vesting. Previously, in 2021, he had a major setback when 16.12 million performance stock units (PSUs) were canceled due to market conditions, a move that aimed to refresh equity grants and minimize shareholder dilution. This cancellation came on the heels of a substantial market capitalization award structure. In 2020, Andrew's total compensation package included a remarkable bonus, primarily from transaction-based earnings during Skillz's merger. His financial landscape is closely tied to the performance of Skillz, illustrating both the risks and rewards inherent in leading such a dynamic company. Currently, Andrew's equity holdings include performance-based stocks that have milestone-dependent vesting, indicating that his financial interests are closely aligned with Skillz's long-term success.

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Insider Trading

See recent insider trades of Andrew Paradise.

No insider trades found for this CEO.

Compensation History

See how much did Andrew Paradise make over time.

In 2022, Andrew Paradise's total compensation reached approximately $26.3 million, showcasing a striking increase in the value of his stock compensations amid performance challenges. His base salary was $525,000, but without bonuses in that year due to unmet performance metrics. In contrast, his compensation in 2021 was significantly lower at just over $1.2 million, mainly due to a combination of salary, earned bonuses, and no vested stock awards. During 2020, however, his compensation spiked dramatically due to transaction bonuses linked to the company’s merger activities, totaling approximately $4.3 million. Skillz has a clear compensation philosophy that aligns executive pay with shareholder value and long-term performance, focusing on both short-term achievements and broader growth.

Year

2022

Total Compensation

$26.42M

Salary

$525.00K

Board Justification

Skillz aims to align executive compensation with long-term shareholder value and performance metrics, focusing on attracting and retaining top talent while balancing short-term and long-term incentives.

Bonus

$0.00

Board Justification

No bonuses were paid out to NEOs for 2022 due to performance metrics not being met.

Other

$23.09K

Board Justification

Includes personal assistant services, 401(k) contributions, and business travel expenses.

Restricted Stock

$25.88M(28.98M RSU)

Board Justification

28,984,577 RSUs were granted in 2022, vesting over time subject to continued service and performance goals.

Performance Metrics

Performance metrics for 2022 included Revenue After Engagement Marketing and Adjusted EBITDA, with no bonuses paid due to unmet targets.