How do VCs view the CEOs of startups who draw six-figure salaries and drive expensive sports cars when the company hasn’t made a dime and isn’t doing well? Is this common?
I view them as Hopeless.
The only way a start-up has any chance, at least in SaaS/B2B, is if the founders truly see everything as positive sum.
You have too many people to recruit, too much of a mission to evangelize, too many customers to convince to take on your journey.
Would you work for this CEO? I wouldn’t.
Maybe this works in B2C where a viral loop can lead to explosive growth irrespective of human inputs.
But in SaaS/Enterprise, anything you do that creates less respect, I think is problematic.