Friday, April 20, 2012

Really liked this answer to "How much should a startup CEO make?"

Q: What are two other questions that you might ask when you're looking at a business?

Peter: The one that I think is always REALLY good is, "What is the salary of the CEO?" 

Sarah: What's the right answer for that?

Peter: Less than 150k, even after a series A. That single question is incredibly important — are people doing it for equity, or for cash? I remember when LinkedIn was getting started, Reid took 15k a year. It was the minimum salary for getting health insurance — it really sets a tone for everything in your company.

Entire interview transcript:

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