How to pay yourself as a startup founder | Startup Finance Basics w/ Kruze's Scott Orn | E1860
Jason chats with Scott Orn about founder salaries, discussing the trade-offs of starting a company, the importance of board-approved salaries, and equity. They also address gender disparities in founder salaries, managing personal expenses, and investor expectations.
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(0:00) Scott Orn joins to discuss founder salaries
(2:25) Trade-offs of starting a company and how salaries increase with funding
(4:41) Role of builder founders and dangers of underpaying oneself
(8:05) Transitioning into entrepreneurship and managing side hustles
(10:03) Importance of board-approved founder salaries and discussing equity
(13:05) Gender disparities in founder salaries and efforts to close the gap
(15:52) Managing personal expenses and company accounts
(17:05) Leading by example and salary distribution within a company
(20:26) Investor expectations and high-value employees earning more than founders
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