2 ms·
One thing I'm intrigued about is if you're raising $xm, what part of that budget goes to salary for the founder? Is it reasonable to pay yourself $10k out of th
by Traster 5y ago
One thing I'm intrigued about is if you're raising $xm, what part of that budget goes to salary for the founder? Is it reasonable to pay yourself $10k out of that? $100k? I'm really interested to know what the expectations are from VC funds on how that's negotiating. Clearly you've got to live, but I wonder what is reasonable.
- tomcam 5y agoThey would expect you to pay yourself a competitive but not luxurious wage, so, closer to $125K or so than $10K in the Bay Area. If it were $10K they'd be afraid you were too distracted trying to scrounge a living; it would a horrible use of their funds.