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Doesn'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
by japhyr 15y ago
Doesn'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.