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Also, if you run a bootstrapped company with no VC, pay yourself! The bootstrapping mentality becomes counterproductive after you pass a certain stage (e.g. if
by cj 4y ago
Also, if you run a bootstrapped company with no VC, pay yourself!
The bootstrapping mentality becomes counterproductive after you pass a certain stage (e.g. if you can afford 20 employees and are bootstrapped, you can probably afford to pay yourself the median salary of a C-level exec). It will make your life more comfortable and will make acquisition offers less appealing if you're already drawing a good salary.