Salary of startup founders

In a ecommerce deal I was evaluating in 2021, the founder in his early 30s was taking an annual salary of 1.5 crores+. There was a management buyout (supported by the MNC parent) – the CEO became the founder and retained his salary of his CEO days. He also now was owner of 90% of the company.

The company was burning 5-6 crores a month and there was no visible path to profits.

I passed the deal as I felt the interests were not aligned.

Rishabh Mariwala wrote an interesting post about this on Linkedin; here’s the link-https://www.linkedin.com/posts/rishabhmariwala_startups-entrepreneurship-culture-activity-7175683149295730688-47uz/?utm_source=share&utm_medium=member_desktop

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us

Copyright: © 2024 VCIFY. All Rights Reserved.