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You are right, but paying a founder $120k/y is totally fine when you raised $25m. It's more than that, money shouldn't be a problem for founders, so that they
by ksahin 8y ago
You are right, but paying a founder $120k/y is totally fine when you raised $25m.
It's more than that, money shouldn't be a problem for founders, so that they can focus 100% on their company.
This subject has been discussed over and over again by top tier VCs !
- AstralStorm 8y agoWhy would a founder of a start-up need 120k$/y though? Are they saving to buy a property? Renting in an extremely expensive place? Perhaps hiring servants? If none of this happens (and I bet some of this could be set add cost of business) yore just filling your bank account with VC money and reducing the chances of success.