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Assets don't just "go away" unless they're encumbered by debt. If you're paying yourself a bloated salary, living frugally, and taking advantage of opportuniti
by fredkbloggs 11y ago
Assets don't just "go away" unless they're encumbered by debt. If you're paying yourself a bloated salary, living frugally, and taking advantage of opportunities to sell things that are ridiculously overvalued, you should not have any trouble building durable wealth in a short time.
It's fine to say that you don't like what I'm saying. It's fine to think it's unethical, or that it harms others. But don't suggest that it doesn't work; it very obviously does.
- arielm 11y agoYou're right in your approach. However, in the capital market founders don't usually get to dictate their salaries or suck in more of the loot than is absolutely necessary. That's why VCs keep a good portion of the control. Now this may not be the case always, so yes, a short term plan could work. But I doubt it works reliably enough to be turned into a rule.