What resources do they need to launch exist?
30k per founder for 6 months seems like quite a lot of money.
30k per founder for 6 months seems like quite a lot of money.
Maybe the startup founder's lot in life is to be poor while they are starting up, so could probably do it with less. But they are hardly overstepping the mark.
1. Pay yourself the barest minimum you can to survive, which may be 0.
2. Pay yourself just enough that you're not worried about money.
High founder salaries, especially in early stages goes against many investment theses.
I'm taking the founders at their word--they need the money to launch their product. It just seems like they could do it for less--however I don't have much detail so I'd like to understand the money breakdown.