2 ms·
> Which means unless you hit product market fit, have incredible unit economics and lots of traction within the first 18 months you are going to die. Dieing af
by tmpz22 6y ago
> Which means unless you hit product market fit, have incredible unit economics and lots of traction within the first 18 months you are going to die.
Dieing after 18 months is a winning scenario for many founders, especially those who already came from privileged career positions such as former positions at Google. They get to raise their ~500k-2m and pay themselves pretty solid salaries while building industry connections. Then they either return to their old job, take a long vacation with their FANNG + founder savings, or jump into their next startup.
- Judgmentality 6y agoIn my experience, very few founders of startups that are only at the seed stage give themselves significant salaries - in fact many don't pay themselves anything. I don't have any statistics, I can only speak anecdotally.
- brianwawok 6y agoDo you have any sources? Seed round founder salary is almost never market rate. At least in anyone I know who has done this.