Take much lower salary now, for potential far greater gains in the future.
Sure. I understand that aspect. But “potential” doesn’t pay the rent/mortgage/food/car/utilities/daycare/auto insurance/health insurance.
Are founders taking loans? Using personal savings until potential converts to real? Taking loans from retirement fund (401K)?
The salary reported here is well below market rate. I would definitely have enough savings to tank taking a lower salary for 1-2 years, but ideally I like to keep that for emergencies.
Is this what founders are doing now? Or maybe these founders are just so well off personally that taking a lower salary doesn’t mean anything.