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It very much depends upon the attitude of (and your agreements with) your earliest (Angel?) investors. However I would expect you should count past work as you
by bdfh42 15y ago
It very much depends upon the attitude of (and your agreements with) your earliest (Angel?) investors. However I would expect you should count past work as your investment in the company - that is why you (and your founding team) will have the majority of shares.
You might be lucky enough to find investors who can fund a modest salary or two but don't expect anything like "market worth" until you are cash positive.
- japhyr 15y agoDoesn't some of the initial funding go towards hiring a team to more fully implement whatever has been developed so far? I assume you would have to be able to offer reasonable salaries for a small number of positions in order to make this happen. Can someone point me to a good breakdown of what initial funding usually covers?
- byoung2 15y agoHere is an interesting case study I found that shows what happens when the CEO demands too big a salary. http://startuplawyer.com/venture-capital/series-a-startup-ceo-salary http://startuplawyer.com/venture-capital/series-a-startup-ce...
- japhyr 15y agoThank you for the link. It sounds like a founder should be able to negotiate a reasonable living wage, assuming the founder is going to work full-time on the project.