Founder of startup wants HUGE salary from the beginning

[Ramblingman]

A salary in a start up is an oxymoron IMO.

 

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[theag]

tomorrow

So, did you fire him?

 

[OVOvince]

Why hasn't he talked to the ceo yet, I've seen atleast 6 posts saying he will do so but he still hasn't done it?

i also mentioned a couple times that i need to talk to someone who won't disclose information before i talk to the CEO but okay just ignore that if you want



anyways, here's a short and sweet update:

Everything is taken care of. I had a huge meeting with the CEO and other people involved. We went over all the problems I discussed, and even more problems I wasn't unaware of came about, but all were addressed appropriately. As I suspected, the CEO just didn't have a clue, it's not like he was trying to be greedy with money. It's unfortunate how everyone makes the worst assumptions even when I clearly stated that he's a nice guy, but even then, thanks for the discussion.

 

[jon.a]

i also mentioned a couple times that i need to talk to someone who won't disclose information before i talk to the CEO but okay just ignore that if you want



anyways, here's a short and sweet update:

Everything is taken care of. I had a huge meeting with the CEO and other people involved. We went over all the problems I discussed, and even more problems I wasn't unaware of came about, but all were addressed appropriately. As I suspected, the CEO just didn't have a clue, it's not like he was trying to be greedy with money. It's unfortunate how everyone makes the worst assumptions even when I clearly stated that he's a nice guy, but even then, thanks for the discussion.

One thing Mrs jon and I encounter on a regular basis is that the anticipation of a conflict is normally much worse than the actual conflict.

 

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[DamienP]

Sounds like this guy needs to sell up and move on. Pay him a massive salary and he'll sit there getting fat and comfortable, like a dead weight around your neck.

Either he needs to move on, or you do.

 

[theag]

all the problems

even more problems

the CEO just didn't have a clue

he's a nice guy

Ok. So you have 2 options here IMO.

1) If the idea/company is mediocre: run and do something else.

2) If the idea/company is really great: Either push him out and take over or leave and crush him as competitor.

Nice guys are so easy to beat.

 

[Jon L]

Ok. I would run. Or push him out. Depends.

yup. I wouldn't want to put my money into a business run by a "nice guy that doesn't have a clue."

 

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[Formless]

So what was the solution/agreement you guys came to?

 

[FTLane]

if this guy is so clueless why is he ceo?

 

[LateStarter]

My CEO salary guidelines:

• $50k or 2x lowest salary in the company.
• Must have 6 months CEO salary in the bank on top of 6 months burn before you get paid.
• Hold down your day job as long as possible. That should be funding you, not the startup.
• CEO is the LAST guy to get paid.

 

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[Maria Lucero]

My CEO salary guidelines:

• Hold down your day job as long as possible. That should be funding you, not the startup.

I just asked a similar question regarding whether it was possible to keep your day job after receiving seed funding, so this is a very interesting point that you make.