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Yaw, I did say "smallish" series A. If you're raising 4-6m, then founder salary really ceases to be a big needle mover in terms of runway. Certainly angel inv
by webwright 16y ago
Yaw, I did say "smallish" series A. If you're raising 4-6m, then founder salary really ceases to be a big needle mover in terms of runway. Certainly angel investors will often push hard on founder.
If you have less than a million in the bank, I think the question needs to be framed as "How much do I need to survive" and NOT "What did I make at my last job". If the founders aren't trying to dig deep here, then I'd wonder about their motivations (unless revenue was taking off). Lack of runway kills startups.