4 ms·
Really the more I think about it, this more sounds like one VC's attempt to weed out people thinking about starting a company by scaring them. There is nothing
by nautilus12 9y ago
Really the more I think about it, this more sounds like one VC's attempt to weed out people thinking about starting a company by scaring them. There is nothing set in stone that says founders should get paid a certain amount. Every company has different cash flows and situations.
- lmilcin 9y agoYou don't need external funding to start a company. Then you can pay yourself whatever you want it's your company. If you want external funding then you stop being sole owner and you need agreement with othe owners on what is the worth of your services to the company. Your stake has nothing to do with it.
- CalChris 9y agoweed out people thinking about starting a company by scaring them Yeah. You sure won't be hanging out at the cool cafes with your new superfriends delegating menial tasks to your hirelings. You'll be working your personal ass off while risking someone else's money.
- chrija 9y agoI'm not sure if you've read my post. If you read it, you'll see that I wrote: << The numbers in the model reflect what I think is market and fair based on the data points that we have and some industry benchmarks that we were able to get. However, our data set is quite limited and the numbers produced by the calculator should by no means be taken as the ultimate truth. If you disagree with my assumptions or have seen different numbers in the market I’d love to hear from you! >> No need to assume bad intentions.