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Ask HN: Did anyone's life ever gotten more comfortable after accepting funding?

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Re: Ask HN: Did anyone's life ever gotten more comfortable after accepting funding?

#51
If you take outside investment to grow faster and are coming from a $300-500k+ job, you'll be getting less cash compensation for years unless you're in the VP Sales role or a senior seller.

If you grow more slowly you can avoid most investment, especially VC, you can pay yourself whatever you/the team/the board approves, which will likely be more if you build a great business.

And if you're not coming from a higher-paying job, you should be able to pay yourself over $100k post A, then high $hundreds (to rough market/at least cost of living) and perhaps a little higher, depending on city, stage, health of business.

We decided on the VC path and have been thrilled with it so far. A number of us will be taking permanently lower liquid comp packages for the next 5-7 years but the upside is the equity and fun of building and dominating a stale but important space...

Re: Ask HN: Did anyone's life ever gotten more comfortable after accepting funding?

#53
post #3

This mentality is not compatible with venture capital. You want a life-style business. And that is absolutely fine. Investors want you to be very busy, scale the business and build a large company. Is the only way they can make their money back. (I work for a venture fund in Dubai)

> You want a life-style business. A non-funded company is not by definition a 'life-style business'. That's pretending there are only two choices whereas in fact there is a huge continuum ranging from mom-and-pop operations all the way to enormous privately held conglomerates. If you work for a venture fund you should know that the choice is slightly more complicated than funded and life-style businesses. Being 'happ…

I don't think he was commenting on the non-funded company nature making it a 'life-style business', but on the OP comment that he didn't want to be busier as a result of funding.

Re: Ask HN: Did anyone's life ever gotten more comfortable after accepting funding?

#54
post #3

This mentality is not compatible with venture capital. You want a life-style business. And that is absolutely fine. Investors want you to be very busy, scale the business and build a large company. Is the only way they can make their money back. (I work for a venture fund in Dubai)

> You want a life-style business. A non-funded company is not by definition a 'life-style business'. That's pretending there are only two choices whereas in fact there is a huge continuum ranging from mom-and-pop operations all the way to enormous privately held conglomerates. If you work for a venture fund you should know that the choice is slightly more complicated than funded and life-style businesses. Being 'happ…

VC is a life-style business
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