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> Nobody makes a salary of 100k per month. The founder of the last startup I worked at made 100k per month and wasn't even the CEO, and that was pre-product an
by Alex3917 11y ago
> Nobody makes a salary of 100k per month.
The founder of the last startup I worked at made 100k per month and wasn't even the CEO, and that was pre-product and pre-revenue. He just raised a bunch of money on a pitch deck.
I'm definitely not saying that's common, but it's not unheard of either. Inside Silicon Valley there's a tightly prescribed set of norms that tend to be followed, but outside of there money tends to change hands a lot more quickly and fluidly. That's the benefit of being in a place like NYC, because people tend to be motivated more by self-interest rather than by trying to look cool or fit in, so it's a lot easier to pitch folks on stuff if you find a novel but rational opportunity.
- logicallee 11y agoI find it very hard to believe that was a a base salary. (Of course, I could be wrong.) Of course it's possible to make a lot more than that! Just not as a salary. It would be interesting to know the details of their package. Also, how come you happened to know?
- coldtea 11y agohttp://www.joshuakennon.com/how-many-people-earn-more-than-1000000-per-year-in-the-united-states/ http://www.joshuakennon.com/how-many-people-earn-more-than-1...
- deleted 11y ago[deleted]
- Alex3917 11y agoI know because it was publicly traded. (They raised a bunch of money and then bought a shell company.) That wasn't the exact base salary, but that was basically total compensation not including stock. (So including a few hundred thousand dollars per year in an expense account and an additional couple hundred thousand for serving on the board.)