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Dear Garry - is any VC really "founder friendly"? VCs expect founders to work for zero or minimal salary. Even a below-market salary is incredibly painful in
by Skeptique 10y ago
Dear Garry - is any VC really "founder friendly"? VCs expect founders to work for zero or minimal salary. Even a below-market salary is incredibly painful in any metro.
My question -- will VC-funded startups ever enter the realm of the non-wealthy and/or beyond bro's willing to bunk up in a studio apt?
- cududa 10y agoThat's incredibly not true. Sure you have to put in some work to get funding, but if you have a good enough idea+team+story+market, or existing product with traction and lots of room to grow, no one is going to expect you to cover your cost of living.
- CyrusL 10y agoNot true at all. The general opinion of investors in Silicon Valley is that is that after a seed round, founders should take a salary where they aren't worried about their bills but aren't getting rich.