50-80k works for a single young founder. Useful quote from one of the articles linked earlier: "Stress on the home front can be a massive negative impact to a startup. In one case I've seen two "equal" founders, one with a wife, three kids and a mortgage and the other single an living in an apartment. In terms of cash compensation the first entrepreneur got over twice what the single founder got, BUT in terms of life style, it kept them even."
Of course, this is exactly why individuals with a family find it increasingly harder to justify doing a startup for longer periods of time. :) Patrick. On 28 January 2014 15:10, Niki Scevak <niki.sce...@gmail.com> wrote: > If it's a full seed round (vs a $50k friends and family round) I'd fully > expect the investment to pay founder salaries. Usually $60-80k is normal. > In fact 80%+ of a rounds proceeds at that stage are salary related for > early employees. People are the only input cost for a startup. > > Also peoples lives vary so if even $80k is going to cause tension then the > startup probably isn't going to work out well. > > -- > -- > 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. > -- -- 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.
