How to pay yourself as a startup founder | Startup Finance Basics w/ Kruze's Scott Orn | E1860

How to pay yourself as a startup founder | Startup Finance Basics w/ Kruze's Scott Orn | E1860

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966 of 1354
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23min
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Jason chats with Scott Orn about founder salaries, discussing the trade-offs of starting a company, the importance of board-approved salaries, and equity. They also address gender disparities in founder salaries, managing personal expenses, and investor expectations.

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(0:00) Scott Orn joins to discuss founder salaries

(2:25) Trade-offs of starting a company and how salaries increase with funding

(4:41) Role of builder founders and dangers of underpaying oneself

(8:05) Transitioning into entrepreneurship and managing side hustles

(10:03) Importance of board-approved founder salaries and discussing equity

(13:05) Gender disparities in founder salaries and efforts to close the gap

(15:52) Managing personal expenses and company accounts

(17:05) Leading by example and salary distribution within a company

(20:26) Investor expectations and high-value employees earning more than founders

* Check out Kruze: ⁠https://kruzeconsulting.com⁠

Follow Scott: https://twitter.com/scottorn

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Follow Jason:

X: https://twitter.com/jason

Instagram: https://www.instagram.com/jason

LinkedIn: https://www.linkedin.com/in/jasoncalacanis *

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

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Check out Jason’s suite of newsletters: https://substack.com/@calacanis

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Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

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Subscribe to the Founder University Podcast: https://www.founder.university/podcast


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