Hi All I've started working on a new project in which we'll need funding. The last thing that I would want to do is take money from the company and increase it's risk of failure but living in Sydney is expensive, really expensive especially when you have children.
My questions is what is a fair/normal amount a founder can take from a funded company for living expenses? ps, Originally I was thinking I would sell the family house and use some of our personal money to live off during this period, but really with a 20-30%(napkin calculation) chance of failure that would be a insane idea. Especially since once that money was gone, it would be hard to get back on our feet. Though I would do it in a instant if I didn't have dependents. Thanks in advance Michael -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
