Our NYC based startup is raising $1.5 million in a seed round which gives us an 18 months runway. How much salary should I as the CEO and founder get?

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JASON LEMKIN

My simple recommendation is, if $1.5m gives you 18 months of runway, and you need a $100k salary … raise $1.6m-$1.65m and pay yourself $100k.

There’s no right answer here. Two years without pay is at the point where it’s de-motivational, and risky, for the business. But you can’t put the company in danger by taking scare capital out. More on that here: In The Early Days, Don’t Forget To Pay Yourself, Too

Try to raise another $100k-$150k to pay yourself.

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Published on August 24, 2016
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