I am going for a seed round and want to lay out all of our expensees.....Except I need to live and don't know how much to give myself from the raise. Even though we wont be profitable for 2-3 years. What should I do or set aside
07/20/2022, 7:18 PM
60Kish if in US - 80/90k in major city like NYC/SFO
07/21/2022, 12:39 AM
Just gave a talk to 20 entrepreneurs in an accelerator today about this. The answer I always give: the least amount you can afford to live off of and still stay motivated to build the company
07/21/2022, 5:08 PM
What Adam said. Depending on your equity size and the deal dynamics, sometimes a modest refresh grant subject to vesting will also align you with your investors. They want to see you have skin in the game and tying your financial success to the company’s is putting your money where you mouth is.