We're pre-revenue. Our salaries would be covered by a few interested investors. Current thinking: Unless we get a strategic benefit from taking money from the investor, we shouldn't.
I'm really just curious if some data exists that shows startups that paid salaries survive longer than startups that don't.
Any data would be heavily skewed. I had about 5 projects designed to be commercial, only one of which was registered as a "startup", and that was long after making revenue. Our salary was about $40/month up until acquisition, but does that really count as paid salaries? However we took out a lot more from the bank for personal use, including flights and equipment.
We eventually sold it because we were getting into debt and the half-assed consulting we were doing to pay the bills just didn't allow us to focus on it. It would have gone much further if we could live off the salaries.
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We're pre-revenue. Our salaries would be covered by a few interested investors. Current thinking: Unless we get a strategic benefit from taking money from the investor, we shouldn't.
I'm really just curious if some data exists that shows startups that paid salaries survive longer than startups that don't.
Any data would be heavily skewed. I had about 5 projects designed to be commercial, only one of which was registered as a "startup", and that was long after making revenue. Our salary was about $40/month up until acquisition, but does that really count as paid salaries? However we took out a lot more from the bank for personal use, including flights and equipment.
We eventually sold it because we were getting into debt and the half-assed consulting we were doing to pay the bills just didn't allow us to focus on it. It would have gone much further if we could live off the salaries.