Varies from founder to founder depending on their psychology and their personal situation. While the board approves it, you make the proposal.
There's a lot of benefit to being able to say 'this is a great opportunity, but we're being careful with our cash right now - I'm the lowest-paid person at the company' when recruiting. That said, you don't have to be a martyr and drain away your savings after you've raised. Your board may vary, but after a Series A you can likely justify a low six-figure salary.
There's a lot of benefit to being able to say 'this is a great opportunity, but we're being careful with our cash right now - I'm the lowest-paid person at the company' when recruiting. That said, you don't have to be a martyr and drain away your savings after you've raised. Your board may vary, but after a Series A you can likely justify a low six-figure salary.