Do founders take salary from the Fund money?.
Ankit Gupta
5 replies
If not, how do they sustain themselves?
Replies
Andrew Cook@backseosoftware
They can either choose to take a salary, hourly, or pay themselves $1 to fit salary requirement laws then live off of debt by leveraging the company.
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Usually, yes. Even if you're a founder, you're still an employee to your company so whatever best fits your mental framework of being compensated.
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Some take a profit share - some take a small salary - some take a large salary - some take dividend payments out of the company revenue.
Very much case by case.
Full time job sustains me currently 😂