Only very recently had a heard a parable that began to challenge the idea that to do deep good, one must materially suffer...
However, I'm no where near cured, and hearing your take definitely helps.
As an investor I'd be very concerned by this move.
That to me is the opposite of "[does] not think very far into the future."
If you planned what lunch you would eat on January 15th, 2022, I'd also say that you were planning far into the future, even though it's only a tiny fraction of the time between now and the sun swallowing the Earth.
He's admitting he can't make payroll. 110k isn't a ton of money.
Whereas his new salary is closer to a burger flipping salary, and actually less.
A decent programer can make at least 100k almost anywhere in the US. I'd expect anyone running a tech company to make more than their own developers.
You don't even need to be a good developer, you can use an easier language like Python or JavaScript. Honestly 90% of success in this industry is not being a jerk and showing up on time. I've seen developers outright confront C level execs and predictably it doesn't work out so well.
The other 10% is luck. Occasionally you'll have a bad manager, or you'll join a company which doesn't manage their money well. And the only thing you can do in that case is leave.
Yes. Almost 10 years experience and an MSIS. Making under $100k.
"Honestly 90% of success in this industry is not being a jerk and showing up on time."
I must be missing that other 10%. I've had multiple bad managers, switched stacks multiple times, and other bad luck.
As I've noted in a top-level comment, my intended message about focus gets a bit muddled without me giving the proper context. I'll add an update to my post with some context.
> you likely do not think very far into the future
This is 1-2 year bet for me.
You're trying to run a company while making less than a single experienced engineer. If you even can't pay yourself that much, what exactly have you been doing with your investors' money?
You know that sentence is completely incoherent, right? The man running the company suddenly having a bunch of personal financial distractions is bad. You thinking that having less money will make you more focused is a red flag big enough to go in a car dealership parking lot.
Why not? Author remains exposed to the upside through equity but their downside was always limited by their comfortable salary
You might think that's a poor choice, and you might be right, but it's the very definition of skin in the game that poorer choices on their part leaves them more exposed to a poorer outcome.
I agree with you, having to take such drastic measures to prove (to investors or yourself) that you have "skin in the game" wouldn't look good to me. It's cute to romanticize this ala Rocky III, but coming up with creative ways to overcome a lack of intrinsic motivation to do your job well is drama best left for the big screen, IMO.