I’m currently working on my MVP with my other co-founders and the assumption is that I would quite my job once we receive our seed round. I’m not sure what the salary amount would be in respective of our burn and even reaching a series A.
My current role is senior eng making low 6 figures given the state of the market.
Our assumption is our seed would be around 3~5 mill and I would be taking the CTO role.
I’m trying to figure out what would be the appropriate salary and the opportunity cost of quitting my full time job?
Expecting to raise 3-5 million for a seed round feels awfully high. As do some of the salary figures offered here. 150k salary pre-revenue?? Maybe I’m just out of touch but that sounds crazy high.
I am CTO at a pre-revenue startup. Fintech SaaS. We bootstrapped with $100k so I haven’t taken a penny for 6+ months. We have MVP built. Now hoping to raise $1 million to scale. I expect I’ll draw something like $60-$75k per year until we’re profitable. And I have kids. Was making ~$200k as a salaried tech employee before this.