En 30 secondes
Jacob Warwick, a behind-the-scenes negotiation coach who says he has helped clients secure over $1 billion in extra compensation, argues that negotiation starts long before the offer arrives. A simple "what's the chance there's a little more?" typically yields about 20%, and well-run discovery, patience and creative structuring can push the average to 40% or more. His core method is to gather information, learn the hiring manager's real pain, and make the deal feel like a joint problem solved on a whiteboard.
- 1A soft pushback like "What's the chance there could be a little more here?" usually earns about 20%, and Warwick aims for roughly 40% average movement when the whole process is run well.
- 2Negotiation starts much earlier than the offer: your LinkedIn profile, the numbers you give recruiters and the narrative you share all shape how you are valued before anyone makes a bid.
- 3Never be so sure of your worth that you wouldn't accept moreAnchoring early with a number turns it into a ceiling, and employers can later use it against you when the scope of the role grows.
- 4Treat interviews like enterprise sales discovery calls, then "sell the vacation": learn the company's pain, help the decision maker picture it solved, and make yourself the person standing next to them in that picture.
- 5Companies negotiate thousands of times a day; you negotiate a handful of times in a careerThat information gap is why slowing down and asking questions matters more than any script.
- 6It is a collaboration, not a confrontation: picture yourself putting an arm around the other side and whiteboarding a solution together, and pay attention to what actually moves them, which is not always money.
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Most people leave at least 20% on the table by never asking
Warwick says that even without his help, a gentle push such as "What's the chance there's a little bit more here?" almost always produces about a 20% improvement. That holds from a $100,000 offer that becomes $120,000 up to seven-figure packages. When he coaches clients through the full process, he looks for around 40% movement on average, and he has seen increases of 100% to 400% over the initial offer, often by breaking salary bands that people treat as gospel.
He observes that introverted, thoughtful professionals such as product leaders, engineers and designers tend to negotiate worse than extroverted marketers and revenue leaders. Lenny admits he was one of the reluctant ones. Warwick's reassurance is that negotiating does not have to be aggressive or confrontational, and that the simple question is not greedy at all.
To the fear of seeming greedy, Warwick answers that a company typically extracts far more value from an employee than it pays, perhaps five, ten or even a hundred to one. Understanding that exchange lets you ask with confidence. He would rather a client reach a few rungs too high and get pushed back than never try, because failing forward still builds the skill.
Better pay is good for founders too, if it is tied to performance
Speaking to founders and hiring managers who may dislike this advice, Warwick points out that attracting and keeping top talent is expensive. Replacing someone who leaves after ten months can cost hundreds of thousands of dollars, and at Fortune 500 scale millions or tens of millions in lost intellectual property. He calls the idea that negotiation is adversarial a myth and teaches a collaborative version instead.
Often the creativity is not in a higher base or bonus percentage but in performance incentives and milestone triggers, such as another tranche of stock or cash if the company reaches $100 million in ARR with the candidate's contribution. People who push for performance-based pay have more skin in the game and tend to stay and see the result. He says he now advises some Fortune 500 companies and big recruiting firms on getting more creative with compensation structures.
Warwick works behind the scenes, much like an attorney, with correspondence passing through him before it reaches the other side. Clients rehearse before a call, debrief afterwards and draft replies together, and he tests their instincts rather than writing for them. He also deliberately slows things down, taking a couple of days to respond to show thoughtfulness and to collect information, because haste equals risk.
Your reputation, your channel and your counterpart all matter before you say a word
The biggest mistake, in Warwick's view, is not realizing when negotiation begins. A resume and LinkedIn profile are snapshots of your past, and if you are positioned as a commodity you will be treated like one. He jokes that he could guess someone's earnings from the quality of their headshot, and he advises sharing less so you can steer the narrative live. Numbers you give a recruiter get written down and anchor future conversations, even after you have grown far beyond them.
The second mistake is hiding behind the easiest channel. Email strips out tone and you cannot control whether a CEO reads your pushback in an airport security line in a bad mood. A video call or in-person meeting lets you read body language and correct course. Negotiating through a recruiter is the same game of telephone, so you want to talk to the person who owns the P&L, respectfully and with a plan for how to go around the recruiter.
Warwick's rule is that something being uncomfortable does not mean you should skip it, only that you do not yet know how. When you feel the urge to avoid a conversation, he says, run towards it because that is where the growth is.
Control the setting, show gratitude, and pull the conversation your way
Warwick talks about home-field advantage: choose times when you perform best, such as 10 a.m. to 1 p.m., and say you are unavailable otherwise, which also signals scarcity. At senior levels you can move the conversation out of the office; he says some OpenAI C-suite interviews happened as walks around San Francisco, which puts people side by side solving a problem rather than facing off. A mid-level candidate may not be able to demand that, but can still try suggesting a walk or a coffee.
When the offer arrives, he starts with gratitude and enthusiasm to show the deal will get done, says you need a couple of days to review it with advisors, then returns with something like "this is lighter than I expected." He then waits to see what they say and asks what the top of the range looks like and what it takes to earn it. For over-leveled candidates he says he may suggest they bring more horsepower than anticipated and ask to restructure, and he describes deals that started in the $185,000 to $285,000 range landing at $1.1 million.
On whether to name a number, Warwick generally avoids re-anchoring at senior levels, because the anchor becomes the ceiling and the other side tends to split the difference. His Hollywood example is a writer offered $700,000 whose attorneys asked for $1.3 million and settled at $1 million, which he calls lazy because nobody found the real ceiling. He points to Tom Brady's performance-based contract as a model of milestone triggers.
Don't name your number first, and make "no" a source of power
Early in a career, recruiters push hard for your number, which signals they want a price-sensitive hire. Warwick says that as you move up, top recruiters stop asking about compensation, but they reach out rarely. Nine times out of ten you will be asked, and his suggested reply is that you would rather discuss compensation when you are ready for an offer and first want to understand the team and where you create value. If pressed, say you are uncomfortable naming a figure before you understand the scope, and ask what they had in mind.
He tells his own story: as a marketing manager earning $12 an hour, then $14, he deflected a recruiter's question, learned the range was $110,000 to $130,000 and jumped to about $120,000 a year in a single move. Warwick adds that if you can say no, you have power, which is why job searching while employed feels easier. He acknowledges that someone who is out of work with a mortgage may need to answer differently.
He also shares a behavioral trick: give someone a positive reputation they want to keep. Thanking a recruiter for respecting that you won't share figures yet makes it awkward for them to push. He suggests continuing processes you think are beneath you as practice, and offering to introduce a better-fit candidate if the role is too junior. His first VP role, he says, grew out of declining a $70,000 content manager offer.
Treat the interview as sales discovery, not a recitation of your past
Warwick asks audiences how many of them do exactly what is on their job description and nobody raises a hand. That is why anchoring on a number too early is dangerous: scope creeps, a senior role becomes a director role, and the offer lands 20% under the number you shared. He wants product, engineering and design people to think of themselves as an enterprise solution costing hundreds of thousands or millions a year, sold to a buyer over months by building champions.
Rather than starting with "tell me about yourself," which puts you on the back foot, he asks whether the interviewer is open to a conversation that feels more like a consultation. He then asks what excites them, labels the challenges he hears ("it sounds like you need to ship faster"), and checks whether he missed anything. Next come the SWOT-style questions: what has worked, what hasn't, what to avoid and how big the problem is.
Then he "sells the vacation": fast forward six months, the problem is solved and the executive walks into the board meeting with their head held high, and Warwick is the person who got them there. Once you are the only one who walked them to that picture, he says, the competition effectively disappears, and pushing on terms later is far more likely to work.
Act as if you already have the job, and plant the story you want told
Warwick illustrates the approach with a Hollywood story. Every agency wanted to sign the hot director of a famous musician's billion-dollar tour documentary, and his agent client was tempted to lean on credentials. Warwick instead asked who the agent would introduce the director to if the deal were already done. The agent pre-scheduled a lunch with Steven Spielberg, and when asked why the director should sign, said "What are you doing on Friday?" The director asked where to sign.
He explains how he plants reciprocity with clients, making two or three introductions by text while still on the phone so they see value immediately. He also asks people what they will say about him afterwards, and when roleplaying with Lenny, asks what the best-ever podcast would mean to him and what listeners would write in the comments. His point, which he admits could sound manipulative, is that you can shape the narrative others will repeat, and he hopes people use it "for good and not evil."
In interviews he tries to get feedback live, asking whether it is a slam dunk and what he should have asked, because you cannot easily deny someone in the moment. That gives him a chance to address gaps and book another conversation. When Lenny says a candidate promising to fix churn and onboarding would impress him, Warwick agrees but cautions against overpromising: slow the process down, ask whether the problem will even exist after the next wave of AI, and always under-promise and over-deliver.
Make it frictionless by reframing negotiation in the language you already know
To build confidence, Warwick reminds clients that their past choices have put them in the top tenth of a percent of earners, and he reframes the search in each person's own craft. For a sales leader it is an enterprise sales process, for marketing it is positioning and market research, and for product it resembles writing a PRD: understand users, design for their demands and eliminate friction. The buyer is the hiring manager, and you are interviewing your customers.
Making the process frictionless means leading the conversation with questions such as why am I here, what problems do you have, what have you done about them and what would it look like solved. He also asks interviewers to coach him on the next person he will meet, such as a head of engineering or VP of sales, so they become invested in his success. He often pairs that with a note that he is next available on Thursday, building scarcity while earning champions.
Those champions, he argues, are the leverage that turns a standard 20% bump into 40% or more, and they are built during the interview rather than after the offer. If a client comes to him with an offer in hand, he can maybe get 40; if they come sooner, he may have raised the initial offer by that much before they ever saw it.
Companies hold the information advantage, so use curiosity to close the gap
Asked about individual contributors, Warwick says IC roles are often paid below leaders, which he finds frustrating, but he sees no difference in how to approach the process. The goal of taking ownership of the conversation is not steamrolling people; it is controlling how you show up, since you cannot control the interviewer's mood. He recommends assertiveness, not aggressiveness, and asking questions such as how ICs are valued compared with leaders, so the company has to say it values them.
Later, with an offer in hand, you can say you did some digging and it looks about 30% under what a leader would make, and ask whether that is normal. He is deliberately opening an emotional conversation rather than a logical one, because you will always lose the logic and credibility argument against a company. Meta, recruiters and hiring teams negotiate thousands of times a day while you do so a handful of times in your life.
To show how much information matters, he describes the party game Werewolf, where a small informed minority wins 60 to 70% of the time even when outnumbered five or six to one. Companies know what others make, what you will accept and how to change budgets. Executives who build these systems should especially not assume the rules are fixed, because humans wrote them and humans can change them.
Don't split the difference, and lean on emotion, collaboration and creativity
Warwick's recap starts with never being so sure of your worth that you wouldn't accept more, and never splitting the difference. His example is a chief revenue officer whose severance was agreed at six months of on-target earnings (about $700,000 a year) but came back as six months of base salary, roughly half. The client wanted to ask for a compromise, but Warwick advised simply asking whether it was a mistake, and the attorneys fixed it. A year later the executive was fired and recouped $350,000.
Other principles: patience, because haste equals risk, and not relying only on logic and credibility but also emotion and timing. He likes the line "If you were in my shoes, what would you do?", especially when talks stall. He also stresses collaboration, picturing yourself putting an arm around the other person and whiteboarding a solution instead of facing off across a table.
He tells of a chief marketing officer whose CEO would not move on base pay because all executives got the same package, so they asked for severance protection and framed it as something that would make the CEO look like a hero for the whole leadership team. His other story is about a CEO choosing between two $2.4 million offers who tipped the balance by mentioning she liked Mercedes, ending up with a company-written-off G Wagon. He says you shouldn't expect that, but it shows creativity at an impasse.
When things go sideways, own the mistake and push for a rising tide
Warwick says he has never had a client's offer rescinded, only takes it or leave it ultimatums. He did help a chief marketing officer, pro bono, after an $800,000 offer was pulled. She had been coached to negotiate aggressively like a man, but was dealing with a female CEO and three female executives, who saw her as a poor cultural fit. He advised her to call the CEO, admit she had hired a coach, disagreed with the advice and followed it anyway. The offer came back, and she now earns $800,000 a year.
Warwick takes a different approach for every person and stresses that culture, gender and background all matter. He recalls a woman at a gathering of about 400 asking whether she should simply negotiate for 84% since that is what they would get anyway, and he urged women to push because precedent shapes the people who come after. He also tells how a reader of Lenny's newsletter facing a private equity takeover got his CEO on board only after Warwick made it about "we", pointing out that whatever precedent the CEO helped deliver, the CEO could expect two to three times as much.
He says anyone selling a universal step-by-step guide to negotiation is probably not being real. Frameworks like BATNA and ZOPA are true but can be intimidating and academic, he says, and they distract from listening. Curiosity and empathy are what you need most, along with information and timing.
It is not always about money, but moving to bigger rooms changes the scale
Warwick says his upcoming book, "Predetermined", will be about how no outcome is fixed. He encourages people not to cap their lives and likes asking what something would look like if done in one year instead of five, or what life would look like with less. He tells of a Hollywood dispute between an A-list actor and a writer where an extra million dollars (the writer earned about $10 million a year) did not mend the relationship. What did was having the actor apologize.
Even so, he notes that money matters enormously at lower levels: going from $18 to $24 an hour can mean affording gas, and he recalls being homeless twelve years ago. In Hollywood he has seen negotiations move from $5 million to $13 million in two days, with parties moving in chunks of $4 million, while tech people wonder whether they can get $10,000 more. A million seconds, he notes, is 11 days and a billion is about 31 years.
For someone about to receive an offer, he suggests asking for a bit more and anchoring higher rather than lower, citing studies in which people who anchored aggressively high did far better. If the recruiter says that is all they can do, politely message the hiring manager with something as short as "open to chat." The more confident you get, he says, the shorter your messages become.
Warwick says he is booked up and not looking for clients; his aim is to make what he has learned from very successful people accessible, so he gives away scripts and an eight-hour job-search course through his Substack, Execs in the City, and YouTube. His closing advice is to take a chance on yourself and find a style that fits you rather than copying his or anyone else's. His rule for life and networking is to always give more than you expect to receive.
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