The Correct Answers to 'How Will You Use My Money?'
Startup Professionals Musings
MAY 31, 2014
Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed. Funding for founder salaries at this stage is a red flag. You may pay salaries to your team, but your salary should come from earnings, when they occur. Tie use of funds to real traction milestones.
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