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:
http://pandodaily.com/2012/04/19/live-from-pandomonthly-sarah-lacys-fireside-chat-with-peter-thiel/
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