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Ask HN: How much should I pay myself and will it affect fundraising?
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3 points
by potatofish
5844 days ago
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I'm currently making as little as I can afford to make for my current set of financial obligations and family responsibilities.<p>I'm creating a start-up. For the first round of seed funding, and given that I'm a one man show for now (albeit with a very solid industry track record), how much can I afford to pay myself, and can I expect it to come completely from the first seed investment? Unfortunately I do not have capital to invest, but my initial product will have been developed to version 1 and production ready, so I am not just a man with an idea and a resume asking for money. Will seed investors likely invest if a quarter of the funds are going to pay me for my continued development of the product and the business around it? |
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