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?
Capische
Stealth20mo
He hasn’t mentioned the secondary sale of CRED shares worth millions of dollars he has made.
potatomato
Fintech Startup20mo
“Surviving”
SAZ
Consultant20mo
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.
cuckingfunt99
Stealth20mo
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.
BrutallyHonestTechie
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.
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