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Taking less money than what you would have earned as an employee seems counter intuitive to me. The salary reported here is well below market rate. I would def
by xyst 3y ago
Taking less money than what you would have earned as an employee seems counter intuitive to me.
The salary reported here is well below market rate. I would definitely have enough savings to tank taking a lower salary for 1-2 years, but ideally I like to keep that for emergencies.
Is this what founders are doing now? Or maybe these founders are just so well off personally that taking a lower salary doesn’t mean anything.
- jimbokun 3y agoTake much lower salary now, for potential far greater gains in the future.
- xyst 3y agoSure. I understand that aspect. But “potential” doesn’t pay the rent/mortgage/food/car/utilities/daycare/auto insurance/health insurance. Are founders taking loans? Using personal savings until potential converts to real? Taking loans from retirement fund (401K)?