If you’ve raised venture capital, you have to pay yourself
TechCrunch
APRIL 9, 2023
Forgive me, but this post will likely be a bit of a rant. I had a call with a founder I’m advising this morning. He is out there raising money, and he received a term sheet from an investor (yay!), but the investor suggested that the founder and his co-founder shouldn’t be taking a salary. The investor argued that the founders were “working for equity,” and that his investment shouldn’t go to the founding team.
Let's personalize your content