2min snip

This Week in Startups cover image

OpenAI drama, billion-dollar exits, and founder salaries with new co-host Alex Wilhelm | E1953

This Week in Startups

NOTE

Founder Compensation and Startup Sustainability

Founders are advised to pay themselves the least amount possible to live comfortably so that more money can be invested in the startup's growth. It is suggested to take a minimal amount of money to avoid fear and maximize the resources for the business. Comparing founder compensation to working in corporate America, it is highlighted that as the owner of a startup, the focus should be on optimizing the enterprise's value rather than salary. Startups are advised to pay themselves a modest monthly draw, ensuring more capital is allocated towards developing the business.

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