Startups

Salary for CEO and other founders at Startups

Capital One zolk13
Mar 5

I understand the series A funding is to mostly pay the employee salaries and operating costs.

How much money do the founders take? Are they allowed to take salary out of funding?
What are the limits and who imposes them?

comments

Add a comment
  • Microsoft Darth G
    The minimum to get by in your location is acceptable. More is frowned upon. Less is favored. Investors don’t want their founders struggling to make ends meet. That’s why you raised VC. But you also shouldn’t be totally comfortable - a little discomfort is motivating.
    Mar 51
    • Compass / Eng
      FUPayMe

      CompassEng

      PRE
      Google
      FUPayMemore
      This
      Mar 5
  • Evernote ji32k7au4
    Pretty sure its up to them. I know Shark tank they talked with Coffee Meets Bagel founders and were shocked they were paying themselves 6 figures when they weren’t profitable.
    Mar 51
    • SF Motors / EngsLhe22
      It's also probably relative to cost of living. I have heard that 140-150k is considered acceptable in the bay area. I'm sure that wouldn't fly in Nebraska.
      Mar 5

Download the app for more exclusive content.