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?

  • PsychohistorySeldon@alien.topBEnglish
    1·
    11 months ago

    I don’t want to be discouraging, but as others have mentioned, your expectations are bit too high for the situation you guys are in. Also, you haven’t mentioned the equity split, which is a factor here.

    As a founder, you should pay yourself just enough to not be worried about it. You don’t want to be distracted by not being to pay bills but you also don’t want to take money that could be spent hiring talent and growing the company. The idea is that you forego your salary market expectations in exchange for something that could be much bigger.