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What about the entrepreneurs who pay themselves ridiculous salaries once they get even a little funding? It seems like a great way to make money. Our founder is
by anon01 14y ago
What about the entrepreneurs who pay themselves ridiculous salaries once they get even a little funding? It seems like a great way to make money. Our founder is the highest paid person in the company and we live one month at a time because of it. Is this common during the bubble, or is my situation unique?
Highest paid is fact, one month at a time is opinion.
- ericflo 14y agoThat is not normal, and a very bad sign.
- jpdoctor 14y ago> Is this common during the bubble Yes. We saw it a bunch during Bubble v1. I thought it was nuts then: Weren't the people/VCs supplying the money paying attention? After a while, you realize that easy money covers up a lot of sins over several levels of the foodchain. When money tightens, those sins will be expurgated, but until then: Party on. EDIT: To expand a bit, it's not "normal" as ericflo says in another reply and I agree it's a "bad" sign. I'm just pointing out that as long as those supplying the money are seeing positive returns, they're busy working their other opportunities. When Sequoia republishes "RIP: Good Times", out comes the microscope on spending and board meetings will go over details that were ignored before.