3 ms·
>Hell, personal financial advisers generally take 1%, right? that'd be north of $177K right there. And surely a startup founder does more work than a personal f
by ddeck 13y ago
>Hell, personal financial advisers generally take 1%, right? that'd be north of $177K right there. And surely a startup founder does more work than a personal financial adviser.
An underground coal miner works "harder" than a financial adviser too, but I doubt they're earning more. Comparisons aside, the investment is for the company, not the founder. The founder may have a decent salary, but income is not wealth and that income stops if the business fails.
- lsc 13y ago>but income is not wealth and that income stops if the business fails. Sure, sure, I'm just saying, that "decent salary" ought to make the student loans a non-problem. At a minimum, if I'm investing that much in a company, I want to pay the founders enough that they focus on the company, not on personal finances. More to the point, well, if you are a good enough negotiator to talk investors in to letting you control that much money, well, you are probably a good enough negotiator to negotiate a little something-something for yourself. I mean, I'm not saying millions a year, but certainly enough that things like student loans go away.