* Both of us founders are each @ $80k and have been the same with the exception of a couple of months at minimum wage.
The goal with these salaries, was to be able to not think about money while working on the company. It kind of worked. 80k in NYC doesn't get you very far unless you're making huge lifestyle changes and not eating out with friends, or traveling for fun etc... I moved out of Manhattan to Brooklyn to save a bit on rent.
I'm planning to raise our salaries later in 2014 (don't tell John, it'll be a surprise).
For other examples, check out what Joel @ Buffer has shared about their salaries:
Especially when you consider that after taxes, retirement savings, etc, you're likely to take home less than 50% of gross. If you're single you can still have fun on 80k, but it's peanuts if you want to have a family and/or travel.
* Currently based in NYC
* Raised ~$700k.
* Both of us founders are each @ $80k and have been the same with the exception of a couple of months at minimum wage.
The goal with these salaries, was to be able to not think about money while working on the company. It kind of worked. 80k in NYC doesn't get you very far unless you're making huge lifestyle changes and not eating out with friends, or traveling for fun etc... I moved out of Manhattan to Brooklyn to save a bit on rent.
I'm planning to raise our salaries later in 2014 (don't tell John, it'll be a surprise).
For other examples, check out what Joel @ Buffer has shared about their salaries:
http://open.bufferapp.com/introducing-open-salaries-at-buffe...