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?

  • jebuspls@alien.topBEnglish
    1·
    11 months ago

    I’d argue that you are not really ready to run a business if your focus is “opportunity cost”.

    It is a long hellish road building a business - your salary is the first to go when it takes a turn. Especially when taking in venture capital.

    Also a word of advice is that investors will be interested until money is on the table - did you get a term sheet for the pre seed?