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On the other hand, a majority of YC companies over the last year or two raise significant funding pretty quickly. A modest angel round can support a spouse/kids
by jon_dahl 16y ago
On the other hand, a majority of YC companies over the last year or two raise significant funding pretty quickly. A modest angel round can support a spouse/kids/mortgage lifestyle.
- swolchok 16y agoI used to be under the impression that one was obliged to take a low salary while employed by or founding an early-stage startup. Your seemingly sincere comment and an anecdote from a friend who was offered a quite competitive salary are starting to change my mind.
- maxawaytoolong 16y agoJust remember that 100K/yr is "low" to the guys giving you your $10M series A.
- tptacek 16y agoI can sum up your odds of pulling down a 10MM A round by saying "you are not going to get a 10MM A round".
- maxawaytoolong 16y agoI've worked at 3 consecutive startups that each had $10M+ series A rounds...
- tptacek 16y agoI'm sorry to have written something that could be misconstrued as saying "there are no startups that get 10MM A rounds", but I was actually making a more subtle point.
- maxawaytoolong 16y agoI'm really stupid... what was your point?
- jon_dahl 16y agoThe general rule is that founders should pay themselves as little as possible. For some people, that's $30K, and for others, it's $100K. Just depends on where one is in life.