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Out in Southern California (high but not as high cost of living), we found that angels were OK with salaries of around $60k / year for the founders. If this is
by Travis 16y ago
Out in Southern California (high but not as high cost of living), we found that angels were OK with salaries of around $60k / year for the founders.
If this is your startup (so you're a founder, not first hire...), then figure out how much money you can live on, altering your standard of living as much as you feel comfortable doing. I wouldn't expect to save much money off of your salary, but it should keep you floated. Remember, if you take too high of a salary, it's possible you'll run out of money -- so take as little as possible, for the maximum chances of success.
- exline 16y agoI agree. Since you are getting equity then you want to just take enough to pay your bills. Stretch the initial investment as far as it will last. This is actually a lower risk than most startups where it is your own money you are spending. You would be amazed how much you can cut back to stretch the dollar.