We just raised multi million series A for our startup. I am a COO and a cofounder. How much annual salary should I take?

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JASON LEMKIN

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.

View original question on quora

Published on April 15, 2018

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