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Great question. We have actually only ever raised the $450k seed. Our revenues are helping with our ability to grow the team and have salaries where people can
by joelgascoigne 13y ago
Great question. We have actually only ever raised the $450k seed. Our revenues are helping with our ability to grow the team and have salaries where people can feel that money is not a factor, and we can focus on the great opportunities we have. For example, our April revenue was $115k and we're essentially cash-flow positive (we're hiring aggressively and aren't aiming for profit right now). To answer your initial question, we didn't take any salary for the first year, then we took $60k for a number of months before gradually increasing further. We increased to the $118k figure just a few couple months ago, which was over 2 years after we had started.