Poll: How are you ballparking how you get paid as a Startup Founder?

New
Loveesq

New

Loveesq
Dec 7, 2021 11 Comments

What's the rational you use to your investors and employees when your salary comes up.#equity #startup #tc .... Comment if I missed something.

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TOP 11 Comments
  • Cisco
    aaaaaahh

    Go to company page Cisco

    aaaaaahh
    Define startup
    Dec 7, 2021 5
  • Intuit
    Crypto ๐Ÿฅท

    Go to company page Intuit

    Crypto ๐Ÿฅท
    Need an option to โ€œDistribute profitsโ€, which is the norm for self-funded profitable companies like Basecamp.

    In an LLC, the profits are distributed to the partners.

    I know a lot of founders who take home over $1 million easily with this structure.
    Dec 7, 2021 1
    • New
      Loveesq

      New

      Loveesq
      OP
      I actually debated that one with myself I didn't include it specifically because I'm trying to focus on justifications for salary. Also a flipped a coin and I decided to keep it somewhat simple. I have an internal model used for calculating the assumptions I may make public that I tend to use in these legal discussions that explores this and every so often I check popular opinion.
      Dec 8, 2021
  • What did you think before founding the startup?
    Dec 7, 2021 1
    • New
      Loveesq

      New

      Loveesq
      OP
      I'm an attorney. I'm trying not to bias results.
      Dec 7, 2021
  • Microsoft
    ๐Ÿ’€โ›ณ๏ธ

    Go to company page Microsoft

    ๐Ÿ’€โ›ณ๏ธ
    Ramen until series C
    Dec 7, 2021 0