This Week in Startups
Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.
How to pay yourself as a startup founder | Startup Finance Basics w/ Kruze's Scott Orn | E1860
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.
Key Points
- Founders should be paid enough to remain motivated and focused on their startup without being stressed about personal finances, but not so much that it diminishes their drive or misaligns with the startup's financial health.
- As startups progress from seed to Series A and B, founder salaries typically increase in line with the company's growth and the founder's expanding role, with data showing median CEO salaries rising from $125k to $145k, then to $175k and $250k respectively.
- There is a noticeable gender pay gap where female founders tend to earn less than their male counterparts, with data indicating they make about 10% less, which is an issue that both founders and investors should work to rectify.
Chapters
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| 2:25 | |
| 4:41 | |
| 8:05 | |
| 10:03 | |
| 13:05 | |
| 15:52 | |
| 17:05 | |
| 20:26 |
Transcript
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