4 ms·
If you work for startups, especially boot-strapped startups, there will always be cash-flow constraints sooner or later. Personally it came about a year into m
by bruce511 2y ago
If you work for startups, especially boot-strapped startups, there will always be cash-flow constraints sooner or later.
Personally it came about a year into my first job. Fortunately my wife was working, and we had minimal expenses, so we could ride it out.
In lieu of salary, the founders made me a partner. We sank or swam together. And when cash came in we paid ourselves.
Make no mistake, deciding to stay was a very risky strategy. But a few years later things took off, we got back-paid all that missing salary, and we've gotten stronger since.
I was lucky. I didn't need the immediate cash, and could take a risk. The most likely outcome was we went under. But the upside turned out to be very strong.