Startup founders need to decide how much salary is enough
One of the great things about running your own startup is that you have the independence to make critical business decisions, but those decisions can get very complicated when you are the direct beneficiary.
When it comes to ethics and optics, few early decisions are as impactful as setting your own salary. Founders have a right — as with any employee of a company — to a full salary, but how much is too little, and how much is too much? Ron Miller interviewed a number of VCs and founders about how they approached this question.
Ed Sim, founder at Boldstart, an early stage enterprise startup investor in NYC says as an early check writer, he doesn’t want to see founders living high on the hog, but…