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tdullientoday at 1:34 PM3 repliesview on HN

I will add a section. Pay yourself a salary at the very latest the moment you've raised funding. If a VC objects to you doing that, get a different VC. You're in for the long run, and support from your family etc. is important, and you're already taking on a huge risk by pooling all your risk in one company, vs. the VC who is happily diversified.

Investors who imply you shouldn't take a salary are no bueno.


Replies

insanitybittoday at 2:14 PM

I've never once had a VC even ask about my paycheck let alone suggest I don't take one. FWIW the second you run a company you literally have to pay yourself at least minimum age, it's illegal not to. edit: Hm, apparently you can take a literal $0 paycheck. Regardless, it'd be absurd for a VC to tell you to do this imo.

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softwaredougtoday at 2:30 PM

How much of a salary do you pay yourself?

Like equivalent to what your developer salary would be? Less? More because you’re a CEO now?

I basically have minimum $ amount I would accept for “developer job I absolutely love” that I know sustains my family comfortably without much extra fun or savings. Is that a good bar?

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pixel_poppingtoday at 3:54 PM

Absolutely you should take a salary, one that don't create anxiety and making sure you aren't struggling every end of the month, you don't want a Founder that keep thinking of building another project than the one funded because he is struggling for a matter of thousands a month.