How to pay yourself as a startup founder | Startup Finance Basics w/ Kruze's Scott Orn | E1860

Jason chats with Scott Orn about founder salaries, discussing the trade-offs of starting a company, the importance of board-approved salaries, and equity. They also address gender disparities in founder salaries, managing personal expenses, and investor expectations. * (0:00) Scott Orn joins to discuss founder salaries (2:25) Trade-offs of starting a company and how salaries increase with funding (4:41) Role of builder founders and dangers of underpaying oneself (8:05) Transitioning into entrepreneurship and managing side hustles (10:03) Importance of board-approved founder salaries and discussing equity (13:05) Gender disparities in founder salaries and efforts to close the gap (15:52) Managing personal expenses and company accounts (17:05) Leading by example and salary distribution within a company (20:26) Investor expectations and high-value employees earning more than founders * Check out Kruze: ⁠https://kruzeconsulting.com⁠ Follow Scott: https://twitter.com/scottorn * Follow Jason: X: https://twitter.com/jason Instagram: https://www.instagram.com/jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason’s suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin * Subscribe to the Founder University Podcast: https://www.founder.university/podcast