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Founders who get VC capital to pay wages and compute costs are also taking a pay check. They're not going without.
by raffraffraff 5y ago
Founders who get VC capital to pay wages and compute costs are also taking a pay check. They're not going without.
- hemantv 5y agoIf it's so easy why don't you start a company and ask VC to pay your salary. It's a free country no one is stopping you from doing that
- raffraffraff 5y agoI'm not sure what you're getting at. "Just start a company and ask a VC..." Getting VC funding is the hard part. I'm not saying that it's easy. And obviously there are going to be some strings attached - VCs typically want board seats, significant input into company decision making, along with a chunk of the company. But are you telling me that it's common for a VC to stipulate that founders can't take a monthly pay check? Really. Honest question: how common is that?