Comment by TuringNYC

Dear @garry - Thanks for your article. I'm curious if you could comment on VC-driven "founder salaries" for startups. I've seen some fair setups and some very unfair setups.

I can appreciate this from the VC's perspective, they want the founder to be working to grow equity worth, not just to draw salary.

But I can also see how sub-market "founder salaries" would bias startup ownership towards either those with extreme risk appetites or towards those with family safety nets and wealth. How do you approach founder salaries?

Also, when judging founder salaries (knowing full well that will bias towards a small set of the population) how do you determine the comparable (e.g., Is it FAANG? Is it based on YoE as an Engineer? School? Degree?) Is this something that just is necessarily biased in favour of <25yos?