5 ms·
Because in the current market you can get yourself a better lifestyle burning through VC cash than by trying to get that cash from the paying customers.
by john_moscow 8y ago
Because in the current market you can get yourself a better lifestyle burning through VC cash than by trying to get that cash from the paying customers.
- jackgolding 8y agoWe have a winner. And even if you fail you write some blog posts, do the speaking circuit and end up with another high paying role in a startup, VC or a services company (Government, Co-working space, law firm...)
- cncrnd 8y agoI thought the expectation was for VC funded CEOs to take low salaries. How often do they sell equity in fundraising rounds and/or take decent salaries (500k+)?
- gadders 8y agoI think they are encouraged to in later rounds by some VCs: https://bothsidesofthetable.com/should-founders-be-allowed-to-take-money-off-the-table-16f3a5e6b345 https://bothsidesofthetable.com/should-founders-be-allowed-t...
- kolpa 8y ago> decent salaries (500k+)? Oh, HN.
- yawz 8y ago> take decent salaries (500k+) Now, seeing this, I would totally settle for some "unsatisfactory" $450K. :)
- cncrnd 8y agoHeh. I mean decent for someone who has the skill to pull lots of VC money. They are probably good at rising up the ladder in some company, that's a reasonable upper management salary for them there.