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> A lot of people claim that startups are less money, but I find for signicant number of founders, that's not true -- not because they'll definitely have a good
by georgewsinger 6y ago
> A lot of people claim that startups are less money, but I find for signicant number of founders, that's not true -- not because they'll definitely have a good exit, but because they're skilled in ways that allow them to raise enough money to pay themselves like they would at a big company. If that applies to you, then going to a startup probably is your best shot at getting rich! For other people, the expected value of industry (particularly joining a well-founded early-stage startup) is usually higher.
I've never heard this before. Raising enough VC money to pay yourself a corporate salary (i.e. 6-figure or beyond) sounds like fraudulent use of VC money?
- blackrock 6y agoWhy not? You might be the CEO of your new wannabe company, but your landlord is still going to demand his monthly rent. Bills still need to be paid. It’s unrealistic to be burning through your savings, because you probably don’t have enough. And if you had enough money, you’d probably have self-funded your startup idea yourself, instead of having to deal with pesky VC investors.
- Axsuul 6y agoVCs want founders to be paid a market salary so that they can focus on their startup and not be distracted with other shiny things.