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Disagree. The founders of my company (including me) are paid less than almost everyone else that works with us. I know few rigorous investors that would stand
by digz 13y ago
Disagree. The founders of my company (including me) are paid less than almost everyone else that works with us.
I know few rigorous investors that would stand to pay their CEO/founders more than ~80k a year, at least until it's clear the company is maturing. Also, as a founder with significant equity, I'd much rather put as much of my salary that I can spare (My wife and I need to eat, pay rent, etc.) to go towards bringing in (and keeping) top sales or technical talent. If you believe in my company, the math works out very well.
I also do the occasional angel investment, and frankly, I'd be pissed to see a business I invested in run like this. Two annual international offsite trips? What?! You're building an app to schedule tweets. This is not rocket science. Get to work!
- jmduke 13y agoBuffer is posting $2M annual revenue this year, if I recall correctly. Their paychecks aren't being signed by investors -- they're being signed by customers.
- stephencanon 13y agoGiven that the listed salaries total 1.7M, which ignores payroll taxes and benefits, and they presumably have at least some expenses beyond payroll, at least part of their paychecks are likely coming from investment.
- digz 13y agoNever mind the two international off-site trips they take everyone on each year. Look, not saying they can't do it.. just saying as an investor, I'd wouldn't support it. Money is after-all fungible. It doesn't matter if sales are paying for 100% of the salaries or not... if there's money being left on the table that can be reinvested into the company by either bringing in new/better talent or retaining your top talent, I would be angry. The founders already have high incentive to stay as long as they can satisfy basic needs on their salary. Employees with little equity do not unless they are paid competitively.
- truthlaidbear 13y ago>You're building an app to schedule tweets. This is not rocket science. Get to work! You're building an app to post 140 character strings. You're building a closed blog network. You're putting ads on a website. ETC, etc, etc. You sound like an idiot.