Community

Article

Is a $0 Founder Salary a Badge of Honor?


Wil SchroterFounder + CEO of Startups.com

  

There's a weird discussion around Founder compensation, especially when the number is a big fat zero. We read about famous Founders from Google, Facebook, and Tesla taking $1 salaries, while earning millions in stock.

For early-stage Founders, we often can't get paid (so it's not much of choice!) but there's also this presumption that if we're forgoing personal compensation to roll all the profits back into the company, then we must be really committed.

It Buys Us Nothing

There's no argument out there that Founders shouldn't be paid, so taking compensation to zero is just a silly move.

The only time Founders or execs get the stink eye is when they take inordinate salaries compared to the rest of the staff or relative to the stage of the ...


 
Comments
Copyright © 2020 Startups.com LLC. All rights reserved.