Salary Expectations as a Founder

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As a founder, the salary may not match the level of a corporate job but the trade-off is the potential for a rewarding and fulfilling work experience. At a seed stage company, the salary range for a founder is typically between $120,000 to $140,000, with the average founder earning about $140,000 to $145,000. As the company grows and raises more capital, the founder can increase their salary. Data shows that the median startup CEO salary has increased from $125,000 to $145,000. Therefore, a founder can expect to draw around $10,000 monthly as salary.

Jason chats with Scott Orn about founder salaries, discussing the trade-offs of starting a company, the importance of board-approved salaries, and equity. They also address gender disparities in founder salaries, managing personal expenses, and investor expectations.

(0:00) Scott Orn joins to discuss founder salaries

(2:25) Trade-offs of starting a company and how salaries increase with funding

(4:41) Role of builder founders and dangers of underpaying oneself

(8:05) Transitioning into entrepreneurship and managing side hustles

(10:03) Importance of board-approved founder salaries and discussing equity

(13:05) Gender disparities in founder salaries and efforts to close the gap

(15:52) Managing personal expenses and company accounts

(17:05) Leading by example and salary distribution within a company

(20:26) Investor expectations and high-value employees earning more than founders

* Check out Kruze: ⁠https://kruzeconsulting.com⁠

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