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In general VCs and investors are looking for folks who want to take the minimum salary necessary to live off of, while pumping every dime into the product. Of
by jasonmcalacanis 16y ago
In general VCs and investors are looking for folks who want to take the minimum salary necessary to live off of, while pumping every dime into the product.
Of course most VCs are making $250-$1M in salary per year. That doesn't count their carry... that's just their base salary.
here is what VCs generally do:
1. Pre-launch/Pre-revenue, 20-something founders: $50-100k
2. 30 something with two kids in private school: $100-250k
3. Profitable company having just completed a C round of $15-30m: $200k with a $200k bonus on hitting a huge milestone.
Also, the secondary market for stock has helped this... i.e. reports are the founders of Wordpress, groupon, facebook and digg got to selling a couple of million dollars in stock.
best jason
- pjy04 16y agoI think #1 is going to experience the most amount of scrutiny. I'll be more conservative if the pre-launch/pre-revenue amount is under 1m. It'll probably be closer to 40-60k
- massimosgrelli 16y agoI think this approach can lead to kill start-up potential at the beginning. A founder is an entrepreneur and if a company has no money - because of it has insufficient revenues - than the founders must deal with the fact to not touch their company bank reserve except for eating :) So for #1 I would say: no income except for eating and sleeping. For my company - as a founder - I would do that way. Massimo Sgrelli