Re:Hard Reset Or, How Not to Drive Your Company Off a Cliff
by roflyear on Saturday November 12, 2022 @08:48PM
(#33579131)
At my startup we're trying to pay senior devs $150k/yr with no bonuses with stupid vesting plans (if any equity at all) while the CEO is making $500k a year.
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Re:Hard Reset Or, How Not to Drive Your Company Off a Cliff
by datalopers on Saturday November 12, 2022 @09:03PM
(#33579214)
Why is the CEO pulling a salary at all? Or are they not the founder and were brought in?
Founders just take the bare minimum to survive, anything else is just irresponsible.
Re:Hard Reset Or, How Not to Drive Your Company Off a Cliff
by leetrout on Saturday November 12, 2022 @09:11PM
(#33579264)
Ha, at a YC backed startup I was at the entire C-suite (which had the two original founders) took a pay bump to $240k+ in less than one year of operation (was not anywhere near cashflow positive) on top of whatever multiple full percentages of stock they held (and assume the founders stock was better than the employee pool. I asked a few times to see the cap table, even redacted, and they refused).
I left so I don't know how much they are paying themselves now...
Re:Hard Reset Or, How Not to Drive Your Company Off a Cliff
by roncesvalles on Sunday November 13, 2022 @03:18AM
(#33581103)
The startup space is rife with people just looking for a job.
Re:Hard Reset Or, How Not to Drive Your Company Off a Cliff
by roflyear on Sunday November 13, 2022 @09:28PM
(#33589615)
They are a founder with equity. Why? Because they need to support like six kids and their wife doesn't work.
Re:Hard Reset Or, How Not to Drive Your Company Off a Cliff
by simsspoons on Saturday November 12, 2022 @10:54PM
(#33579860)
that’s stupid