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I’m a bootstrapped founder but hard disagree with this take.

Surely it can’t be the founder taking home a healthy salary from day 1 despite the company being far away from any revenue at all that is taking the risk in your book?

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It absolutely is. The typical SV investor is risking essentially nothing - a portion of their wealth that does not make a meaningful difference for their standard of living. And they are free to do whatever they like while they wait for their investment to play out. The founder, on the other hand, is risking years of their one life (and probably their one YOUTH) - years that could have been spent in a myriad other ways.

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