JazzyBurrito
JazzyBurrito

Today I learned: Kunal Shah only draws a 15K salary πŸ‘πŸ»

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25mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
CosmicNoodle
CosmicNoodle

He hasn’t mentioned the secondary sale of CRED shares worth millions of dollars he has made.

GoofyDonut
GoofyDonut

β€œSurviving”

This is why I find him very shady. He’s obviously sold shares in secondary. He’s probably made a lot more in secondary sales than he would have from salaries.

Also as he would be a related party. He has to disclose his salary in the financial statements. So this is completely self serving (nothing wrong with that) but portraying himself as a man of the people who cares a lot about burn.

GroovyBoba
GroovyBoba

Mark Zuckerberg also draws a salary of $1.

SnoozyMarshmallow
SnoozyMarshmallow

But meta is public he could sell his shares anytime at least will get some money but selling a private company shares you need a buyer?

GroovyBoba
GroovyBoba

You get to dilute your equity during each funding round.

JumpyNarwhal
JumpyNarwhal

Mostly founders or other members of upper management tend to take huge dividend payouts and very low salaries.. Not sure what the rules in India are like, but in the US, dividends are taxed at a much lesser rate than salaries.

That's why Zucky, Steve Schwazman of Blackstone etc all take dividends over salary.

MagicalTaco
MagicalTaco
ITC25mo

And he would 100% be reimbursing all his expenses on company card 😜

SnoozyPretzel
SnoozyPretzel
Cred25mo

Not true

SnoozyPotato
SnoozyPotato
AT&T25mo

Well if the majority of my expenses are handled on the company’s tab and I made a huge corpus on my stock sales, I could live of 15k per month fairly easily too! Stop being mesmerising by the half baked info these CEOs blurt out.

TwirlyPenguin
TwirlyPenguin

That's admirable. But don't idolize this wannabe Elon muskmelon.

ZippyBoba
ZippyBoba

Guys you have to understand, salaries are linear but equity can be exponential. They've raised 9 rounds of funding and is saving a lot on taxes by doing this.

SqueakyUnicorn
SqueakyUnicorn

He's so overrated. This salary is just signaling, he's made buttloads of money selling a declining product and selling secondary in cred

PeppyCoconut
PeppyCoconut

Does it look like he needs the money?

SquishyBanana
SquishyBanana
Fisdom25mo

Haha If I sold my previous company for $400 million I’d also take β‚Ή1 salary so as to avoid paying income taxes. Tax on fat salary = 30%. Tax on capital gains through sale of secondaries = 15%.
Hmm I wonder what someone would choose.

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Curated from across
Indian Startups
by PrancingNarwhalPrincipal Software Eng...

Is 5-7L per month in hand alot?

Anupam Mittal was shocked to know that the founders of Nasher Miles take 5-7 lakhs per month per founder

Is that alot? What has been y'all experience?

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Personal Finance
by SqueakyDonutSoftware Engineer

Who are these people with 100cr + Salaries?!!

Just saw this screenshot showing how many salaried and business people contribute to ITR

All points aside ,who are these 15-16 people who have 100 cr+ salaries Mind blown!!!!😳

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Top comment
user

Nitin, Nikhil Kamath πŸ˜›

Software Engineers
by FloatingPretzelSoftware Developer

Razorpay is too smart!

The company did around 10-15% silent layoffs in the last cycle by putting people in PIP. My Manager told me that he has pressure on him to put at least 1 or 2 people in PIP, make them leave the company and reduce costs.

Later, the c...

Top comments
user

Good thing. Anyways their frontend devs and PMs were doing everything on Twitter except tech.

user

Smart move by Razor pay, that’s why I love them

user

Same for Swiggy. Cost cutting, no increments,hiring interns and temps instead of sdes

Product Managers
by GigglyPotatoProduct Owner

PM Salaries Have Crashed.

Met a PM from IIT / IIM with 4 years of experience. He is working at a well know soonicorn at a salary of 17 lakhs per year . He used to draw 30 lakhs per year in his last role before we was laid off . Interesting Times ahead

Top comments
user

A minute of silence to all the grapevine polls where salary expectations are so high 😁

user

Finally. This was long due. PM's are just overpaid.

user

Not just PM. I'm in Business roles for the past decade; People are offering me 50% less now. Fortunately not laid off...