We just raised multi million series A for our startup. I am a COO and a cofounder. How much annual salary should I take?
The low end of market is a good place to start.
If you’ve raised “multi-millions” in a Series A, then the investors don’t want you to starve. It’s time to pay yourself a real salary.
But multi-millions is not as much as it sounds. Hire 5 engineers, a few sales folks, a marketer, sign a lease … and it can all be gone in 18 months.
So this isn’t the time to pay a high salary. Pay yourself the low end of market, or just below that if you can do it.
After the Series B, raise it again.