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Do people normally lock in that low forever? We're talking about triggers for going up to an agreed upon market++ salary with next fundraising round, or some s
by BayAreaSmayArea 12y ago
Do people normally lock in that low forever?
We're talking about triggers for going up to an agreed upon market++ salary with next fundraising round, or some significant sales for our product, etc.
- seekingcharlie 12y agoObviously not forever, but you just have to take into account that a funding round is also likely to be a while off. It's in your favour that the founders have had startups/exits before (fundraising will be easier) but funding still takes months to close and you still need to ship a product before you even get to that point. I imagine you'll be hiring other employees too which increases the strain.