Going from $110k to $24k for more skin in the game

Re:Going from $110k to $24k for more skin in the game by BasilPH on Thursday October 07, 2021 @09:28AM (#28785961)

What makes you so sure that it is a poor choice? It's definitely risky, but there's also a large upside. And as I wrote, I have multiple safety nets.

> you likely do not think very far into the future

This is 1-2 year bet for me.

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Re:Going from $110k to $24k for more skin in the game by devmor on Thursday October 07, 2021 @09:33AM (#28786012)

Safety nets are for emergencies - by definition. If you are relying on them, you are having an emergency, by your own choice. Hard not to call that a poor one.

You're trying to run a company while making less than a single experienced engineer. If you even can't pay yourself that much, what exactly have you been doing with your investors' money?

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Re:Going from $110k to $24k for more skin in the game by causi on Thursday October 07, 2021 @10:01AM (#28786371)

I reduced my salary to force myself to focus on what makes the most sense strategically for the product.

You know that sentence is completely incoherent, right? The man running the company suddenly having a bunch of personal financial distractions is bad. You thinking that having less money will make you more focused is a red flag big enough to go in a car dealership parking lot.

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Re:Going from $110k to $24k for more skin in the game by tweedledee on Thursday October 07, 2021 @09:39AM (#28786084)

Once your safety net is gone you’ll be in a weakened position in further negotiations.

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Re:Going from $110k to $24k for more skin in the game by mental1896 on Thursday October 07, 2021 @09:44AM (#28786150)

Or in a great position to start over from scratch.

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Re:Going from $110k to $24k for more skin in the game by tweedledee on Thursday October 07, 2021 @09:48AM (#28786212)

Perhaps I missed the sarcasm? Wouldn’t it be a terrible position to start over?

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Re:Going from $110k to $24k for more skin in the game by mental1896 on Thursday October 07, 2021 @02:14PM (#28790110)

Depends on your perspective I suppose. As I see it, starting over is a opportunity to try again, this time with all the knowledge you lacked the first time around. You may still encounter many of the pitfalls of the first iteration, but this time, you'll have the advantage of experience.

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