4 ms·
Wow, a lot of hate for the guy in this thread. My understanding is basically just that he had a consulting company and made a good salary, which enabled him to
by saxelsen 5y ago
Wow, a lot of hate for the guy in this thread.
My understanding is basically just that he had a consulting company and made a good salary, which enabled him to save enough money to live off a 2k per month salary for 2 years if need be.
He then quit his consulting gig and focused on the product full-time, and since a product rarely makes lots revenue from day one, he cut his salary to the mentioned 2k so that he has a 2 year run rate to get revenue. That's what he means by focusing: he can focus his efforts on getting to revenue instead of mucking about getting distracted with "shiny new stuff" that developers love.
The "skin in the game" signal to investors is, what I think many investors would like to see: The investors invest their money to grow the company, not to pay his 110k/year salary. By paying himself a meager salary and (likely) spending the rest of the investor money to build the company, the incentives are aligned.
I'm not sure I understand why the blog post hit the front page of HN, though.