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?
Well, you will always have “enough” money if you are working on a problem, you really want to solve.
With your post, I gauge that you are more into being a “tech help” or the “CTO” for the startup.
My simple point here is that if you really want to work on what you are working on, wouldn’t you cut costs? Figure out the least money you should take to survive and solve the problem? And lastly, if you are up for all of this, doesn’t it answer your question?
I agree with you, but if u got your own kids, cutting costs become a really tough task.