4 ms·
Founders work for free prior to investors/revenue to pay salaries. Employees get paid a salary.
by austhrow743 6y ago
Founders work for free prior to investors/revenue to pay salaries. Employees get paid a salary.
- brianwawok 6y agoDepending on how you find an angel raise, it’s very possible to be both a cofounder and not work for free.
- dboreham 6y agoYes but probably not the converse.
- deleted 6y ago[deleted]
- jacquesm 6y agoThis is not always possible. Founders can be from very diverse backgrounds and some may have costs they can not escape. The way to deal with that is to take these payments as a loan from the company to the founder which will be eventually be paid back or compensated in some other way.
- pc86 6y agoI would differentiate between "getting paid a salary" and "getting a loan" and argue they're still not getting paid because the company is basically just floating their mortgage for them (or whatever the bill(s) may be). Especially if the assumption is that they pay it back.
- blacksqr 6y agoWorking for free and getting a loan to cover expenses is still working for free.
- mark-r 6y agoThat's how it worked for me. I was employee #1 at a startup and I got a salary before the founder. I never considered myself a founder and was never treated as one.