This Week in Startups How to pay yourself as a startup founder | Startup Finance Basics w/ Kruze's Scott Orn | E1860
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Dec 7, 2023 
Scott Orn, CFA and COO of Kruze Consulting, dives into the intricate world of founder salaries and startup finance. He discusses the evolving salary landscape, emphasizing the importance of board-approved compensation and gender disparities in pay. Scott highlights the balancing act founders face between personal expenses and company growth, along with the necessity of rewarding key employees. With insights into investor expectations and managing personal finances, this conversation is a treasure trove for aspiring entrepreneurs.
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Founder Salary Expectations
- Startup founders shouldn't expect salaries comparable to previous high-paying jobs.
- The trade-off is significant upside potential and fulfilling work.
CEO Salary Trends
- Median startup CEO salary is between $125k-$145k, but increases with funding rounds.
- Early-stage founders often wear multiple hats, acting as both doers and managers.
Builder Founders
- Avoid starting a startup if you're not prepared to be a builder.
- Early-stage founders must actively contribute to building the product/company.