4 ms·
It's amazing how little VC's value early stage founders. It's an accepted fact that hiring a competent CEO is going to cost you well into 6 figures and up. Beca
by k33n 9y ago
It's amazing how little VC's value early stage founders. It's an accepted fact that hiring a competent CEO is going to cost you well into 6 figures and up. Because their experiences and track records are rare. If we all know having a good CEO is well worth that kind of money, then why don't we apply the same logic when allocating capital for paying the founder(s)? It's a hard job, fraught with literal peril. Founders often face personal financial ruin if the venture fails. Founders are literally pulling on a yarn to iterate on and articulate very broad visions. They are faced with critical decisions that will affect many people's lives every day under incredibly stressful conditions. If there's $1,000,000+ in the bank, it's a disgrace to pay a founder what amounts to Jr. level rates anywhere else.
- CalChris 9y agoFounders and CEOs are not the same thing just as startups and established corporations are not the same thing.
- brianwawok 9y agoStartup A pays founders 50k and has budget for 4 developers. Startup B pays founders 200k and has budget for 2 developers. All else equal, B should win right? It is running leaner that gives you more effort to throw at the problem. Until the point your pay is so low you have to stress about money. Founder pay that is lowest to avoid stress seems optimal.
- alfiedotwtf 9y ago"What one programmer can do in one month, two programmers can do in two months"
- brianwawok 9y agoYes this is why Google, Apple, and Facebook all have 1 programmer.