@nicholewischoff: Dont starve! #foundersalary #venturecapital #startups #Tech

Tim Wickstrom :

I know so many “pre seed investors” that advise that you should never pay yourself pre revenue. Can you make a few phone calls for me, lol.

appleuser39979528 :

Making less than $120k is the poverty line in SF 😭😳

Jaylene | Healthtech Founder :

Good to know Nichole, we're raising in January and was just having this conversation with my co-founder. Thanks again for the advice🙏🏽🫶🏽!

LaToya | let’s build your app :

60k ?!? In this city !!!

SarahLudwigsen :

Founders should at least be paid the same as the associates at VC firms

Christy | RHYS New York :

Don't worry the founders expense a lot of their personal expenses through the company!

vickenn :

Are you sure they aren't just taking a $60k salary and then paying themselves the rest in distributions at the end of the year?

Medical Robotics :

It’s a job not a hobby

Andres :

100%

Jim Lundy :

150k won’t cut it. Maybe in 2015 but not now.

Vinny Green :

that's great to hear

Max Adams :

Love this! So true 🔥

WatchNLearn :

Thank you for the encouragement. Hopefully I can give myself a raise soon.

Crumb Coach: Home Bakery App :

upwardandonwards :

So live in Sacramento and commute to SF 😂

SmylesEntertainment :

Watched this 6 times

Nicole | Business Therapist :

yes tell them

Claudia :

That makes sense, especially if you’re going to be building full time

Coach JKidd :

Sports Tech

jonathanbrock :

Thank you for this advice! I was building my financial plan for pre-seed that included a really low salary for myself.

KT Marie :

Appreciate this post so much!!

Matias :

Yes, in SF that sounds right

Miss Donna 🎵 :

this is good to know!!

irobmacbeth :

How does it sit if the founders pay themselves substantially more than needed for anticipated living expenses, but do so to be able to cover less predictable things like travel?

Powerhouse :

thanks