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by gamechangr
3981 days ago
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The argument is that you haven’t totally screwed them. They’re paid a decent salary from day 1. They’ve been completely de-risked" 60k is no where near a decent salary. I wouldn't be surprised if your angel investors "have a change of heart". |
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If you're asking someone to sign up for something, the opportunity cost is huge. $60 for a good development team is terrible.
The point I was making is that it's an unscrupulous way to found a company, and it was advice that came from a few very successful entrepreneurs.
If you're a lightly funded startup, $60k is good, but that needs to be matched with a realistic equity offer as well.