I’m currently working on my MVP with my other co-founders and the assumption is that I would quite my job once we receive our seed round. I’m not sure what the salary amount would be in respective of our burn and even reaching a series A.
My current role is senior eng making low 6 figures given the state of the market.
Our assumption is our seed would be around 3~5 mill and I would be taking the CTO role.
I’m trying to figure out what would be the appropriate salary and the opportunity cost of quitting my full time job?
Your payoff is equity, not salary. Draw enough salary to meet your bills. Then in 5-7 years’ time you exit and get enough to never have to work again. Or you fail along the way and lose out. It’s risky, but that’s why the rewards are so big