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Start-up founders don't get rich from salary, they get rich from owning the company (shares.) Here is a list of people who have employed themselves for one dol
by gexla 13y ago
Start-up founders don't get rich from salary, they get rich from owning the company (shares.)
Here is a list of people who have employed themselves for one dollar.
http://en.wikipedia.org/wiki/One-dollar_salary http://en.wikipedia.org/wiki/One-dollar_salary
I'm guessing that people like Warren Buffet and Mark Zuckerberg spend surprisingly little money for their day to day living expenses. You don't see these guys driving around super cars, sporting a lot of bling, rolling with an entourage and building the largest mansions they can afford.
- adamzerner 13y agoI'm trying to ask something along the lines of "if the upside was capped at $500k/year". So you could consider that equity, salary, perks etc. I'm trying to ask whether or not that type of moderate upside would be enough for most people to start startups.
- zsstor 13y agoExactly. Given this system, there might actually be more incentive to create startups, as earning potential from a traditional job is limited.
- adamzerner 13y agoReally? How many traditional jobs make over $500k/year?