Just raised seed capital ...how much should be executive team salary

[utee]

Here:

@yelebademosi

if the founders living costs come to N150k per founder per month that’s a total of N450,000 if it’s a team of 3

That’s what a pre-seed investor thinks should be a founding teams monthly pay. You can read the whole thread here:

I’m Yele Bademosi, Founder & Managing Partner of Microtraction, ASK ME ANYTHING!

We are trying to be as efficient as possible to make the process hassle-free for founders. We didn’t choose our deal terms by guessing and I’ll try to explain how we decided on what to offer. $15k @ N365 is N5,475,000 - if the founders living costs come to N150k per founder per month that’s a total of N450,000 if it’s a team of 3 (average team size is about 2.7). Assuming they spend another 200k on other expenses per month that comes to about 8+ months of runway. We believe a capital efficient…