What is a typical founder salary during seed and series A ? My understanding is it never exceeds 150k.
- Amazon NorthmanThese are all wrong answers, FYI. Never let investors make you live below poverty line. We were doing 100-120k about 10 years ago in SV. My cofounder cranked it to 250k after a series B (I had departed by then). 60-70k was normal about 18 years ago in Boston, so whoever suggests 60k a year in modern SV is crazy - that is below poverty line here. My suggestion is to tell an investor to get fucked if they say less than 100k. If you have a family, you should insist on more, depending on how much value you bring to the table. If you are walking away from 500k+ in liquid comp and have kids, you will likely need 200k to minimally support your family. If you are a young single person walking away from 200k, then you can probably survive just fine on 100-120k. So make decisions accordingly. In this day and age I wouldnt do a seed round less than 3M, it just doesnt make sense.
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- Uber / EngWizKCan you elaborate on this big bonus? How would you determine it? I’m currently a first time founder and have worked 6 months without pay since leaving my job at Uber. I am aiming to raise 2-4M in funding in a few months from now once my proof of concept is done. Would such a bonus mean paying myself back for the missed salary over the year I took zero pay?Dec 4, 20180
- Intel / EngonerhiefDepends on sales, turnover and revenue. You are going to be the first one to take a cut to make things happen when money is low. Also over billing yourself can put off investors who will be auditing the company spending. I would go with something that pays all your monthly bills and some..