Clearly founders need to be paid, and investors understand that founders also need to live (and don't want them to be worrying about how to pay the rent or the mortgage). It would be unusual for a real angel investment to be made and the founder(s) to not take wages. Some founders also choose to take low wages and leverage their performance to show a strong alignment with investors, and I've seen this more where the founder hasn't put any money into the business. This article has some interesting figures in it: http://www.startupsmart.com.au/growth/business-advice-and-education/how-much-start-up-founders-pay-themselves/2014011611507.html It is related to the article posted above by Melissa. Clearly the salary you need will depend on your lifestyle. However, angel investors don't want to hear that you "need" to pay yourself $100k or $150k pa because you "have a big mortgage and have kids in private school" (and you may be surprised, because a number of entrepreneurs pitching to angels do say that). Regards Adrian
On Tuesday, January 28, 2014 1:58:02 AM UTC+11, Melody Ayres-Griffiths wrote: > I've gotten the impression founders can only salaried from net profits but > happy to be contradicted... > > Sent from my iPad > > On 28/01/2014, at 1:16 AM, "sam de silva" <samm...@gmail.com <javascript:>> > wrote: > > Hi there, > > I can't recall if this topic has been raised on SBA. > > How do investors feel about covering salaries of founders? > > I am bootstrapping a some projects (looking at emerging markets and > disrupting existing platforms) and am interested in bringing in an angel > investor - so I can go more full time. But that would mean needing a > livelihood to cover kids, mortgages and general life expenses - nothing > extravagant. > > Are there any benchmarks out there on what typical angel investors are > prepared to cover? Or preferably any experiences out there? > > Thanks and best, Sam. > > -- > -- > 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-bea...@googlegroups.com <javascript:> > To unsubscribe from this group, send email to > silicon-beach-australia+unsubscr...@googlegroups.com <javascript:> > 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<javascript:> > . > For more options, visit https://groups.google.com/groups/opt_out. > > -- -- 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.
