STARTUPS: For all the coverage of when a startup gets off the ground or raises investment capital, there is rarely any talk of how much its creators are paying themselves. Businesses can't run purely on love (unless you have rich parents or wealth from earlier activities), but startups should be wary of their burn-rate. So ensuring founders can at least feed themselves whilst growing a business is paramount. Read more on Business Insider.
How much do startup founders pay themselves? And how much should they pay themselves if they raise money from investors?
Career research company 80,000 Hours estimates that founders going through the Y Combinator accelerator program pay themselves about $50,000.
If they go on to raise more money, that salary can double.
Read more on Business Insider
NB:Startup money via Shutterstock.