379 karma · joined August 31, 2011
I know folks who are on Founder Board of Advisors. They work/provide guidance for sub-1% equity and no salary. They would never be called 'co-founders'
On the other hand, personally I found this article to be extremely instructive on the relationship between 'net worth' and 'income'. As someone who has worked a job all my life, till date, I have always looked as my salary as my measure of how well I was doing financially. This article made me take an alternative perspective and look at 'net worth'. If and when I decide to stop working for money (side note - someone said Steve Jobs worked so he was middle class. He worked, yes, but I am sure it was not for money! He was Rich.) I would like to still have cash flow coming in from my investments and other passive sources. I believe that is what the author is getting to. If that amount at which I can stop working for money is $100,000 per year, I need to have $2 million in net worth; for an income of $1 million (whew!), I need to have $20 million, and so forth...