Comment by matt-p
5 months ago
Very few VCs would not agree to a wage if the founder needed it. It probably wouldn't be as high as market rate though.
If you've got an independently weathly founder then both parties typically prefer equity only.
Traditional seed investors may not agree anything beyond minimum wage. It depends though.
Sounds like a nightmare and a good way to go into personal bankruptcy. Unless, I guess, you had a job where you accumulated ~M of savings, which is very very few people.
Sure, but in some cases it's also a great way to become very very wealthy.
It entirely depends on your personality and circumstances, it's certainly not for everyone.
> Sure, but in some cases it's also a great way to become very very wealthy.
In very very very few cases, sure. Also, the wealth isn't the only or at least not the biggest motivator for many people trying to build their startups. But I get it - my money my rules disguised under show me how motivated you are to carry this through.
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