ALOHA

I started a wearable company and have brought on three other people: CEO, CTO, CHO, & CMO. We have the design and patent. We were selected for an accelerator.

Now I want to bring on a CFO. Is it ethical or even legal to accept a nominal fee of $17.5k to allow a CFO to join us?

  • iamiamwhoami@alien.topBEnglish
    1·
    10 months ago

    Do you have any other employees? I don’t see why you need all of these C level roles if it’s just 4 or 5 of you. None of them are going to be managing anything. They’re just going to be doing all of the random stuff needed to get the startup off the ground. I also can’t really imagine what a CFO would be doing in a company of this size. Not like you’re going to have a lot of assets to manage.