When Should Founders Be Allowed to Take Money off the Table?

#1

Post by cwan » Thu, Sep 03, 2009, 2:22 PM UTC

When Should Founders Be Allowed to Take Money off the Table?
bothsidesofthetable.com

Re: When Should Founders Be Allowed to Take Money off the Table?

#2

Post by pbhjpbhj » Thu, Sep 03, 2009, 2:51 PM UTC

I like how he calls it "feed the family" money and mentions an upper bound of 1.5 million USD ... he must have a large family that only eats caviar pasted lobster or something??

Re: When Should Founders Be Allowed to Take Money off the Table?

#3

Post by webtickle » Mon, Sep 07, 2009, 2:48 AM UTC

pbhjpbhj wrote: post #2

I like how he calls it "feed the family" money and mentions an upper bound of 1.5 million USD ... he must have a large family that only eats caviar pasted lobster or something??

His point was that the money could be used for things like buying a home. After taxes that 1.5 million turns into a bit more than 1 million (assuming long term equity gains). And if you live in the bay area or Palo Alto, a million doesn't buy you much.