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Source? Most startup founders pay themselves a market rate salary after funding[1] (even if it's seed). 1. https://docs.google.com/spreadsheet/ccc?key=0AgrWVeo
by ryanSrich 11y ago
Source? Most startup founders pay themselves a market rate salary after funding[1] (even if it's seed).
1. https://docs.google.com/spreadsheet/ccc?key=0AgrWVeoG5divdE81a2wzcHYxV1pacWE1UjM3V0w0MUE&usp=drive_web#gid=1 https://docs.google.com/spreadsheet/ccc?key=0AgrWVeoG5divdE8...
- lmeyerov 11y agoData is the plural of anecdote: "The founders whose companies die usually only earn small salaries. Before being admitted to Y Combinator, founders usually live off savings or taking loans. During the Y Combinator program, they use a one-off seed investment from Y Combinator of US$120,000 to pay living and business expenses15. If they go on to receive angel investment, they can pay themselves about $50,000 per year. With venture capital funding, this tends to increase to about US$100,000 per year" (From the section on "What about the companies that died", namely, the case for most founders.)