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Yeah. We started paying ourselves essentially rent+ramen, but you can only do that for so long while not burning out. The truly unfortunate thing is that we w
by rjbwork 4y ago
Yeah. We started paying ourselves essentially rent+ramen, but you can only do that for so long while not burning out.
The truly unfortunate thing is that we were really starting to pick up momentum, and the company now profitably employs a couple dozen people.
I think 130k is a pretty reasonable starting salary after investment these days, given market conditions for technically competent folks.
- onion2k 4y agoWe started paying ourselves essentially rent+ramen.. The advice I was given when I raised my first round was to pay myself a salary that meant I could focus on growing the business without worrying about personal financial stuff. It was spot on. All your energy should be going on the business. Anyone trying to minimize their spend to the point they can't eat properly, or paying themselves a salary high enough to have a serious impact on runway, would be a major red flag.