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Austin Hill @ StartupEmpire in Toronto suggested that a reasonable VC-funded startup salary is based on needs rather than competitive salary. E.g. living expens
by ambition 18y ago
Austin Hill @ StartupEmpire in Toronto suggested that a reasonable VC-funded startup salary is based on needs rather than competitive salary. E.g. living expenses + a little, which means more $ for a CEO with a family & mortgage and less for a 22-year-old. He pointed out that you don't want to starve the CEO or force them to live in squalor because it's just not productive, e.g. the CEO needs to be able to rest well and stay healthy. Some VCs also tossed out $90k-$150k as reasonable salary once the company is able to self-fund that.