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🚨Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC
VC Jenny Fielding sparked discussion on X by questioning the necessity of executive assistants (EAs) for pre-seed founders, suggesting that many founders still misunderstand cash management from the funding boom of 2020-2021. She emphasizes that in the early stages of a startup, when revenue is limited, founders should focus on product development rather than hiring support staff.
Fielding notes that while VCs allow founders some discretion in spending, they closely monitor cash management, especially as it affects future funding opportunities. She identifies roles like COO and CFO as potential red flags, arguing they can be unnecessary and costly at this stage. Fielding advises that reasonable salaries for founders should be between $85,000 and $125,000, cautioning against high salaries that quickly deplete raised funds. Overall, she stresses the importance of financial prudence for early-stage startups.
🚨Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC
VC Jenny Fielding sparked discussion on X by questioning the necessity of executive assistants (EAs) for pre-seed founders, suggesting that many founders still misunderstand cash management from the funding boom of 2020-2021. She emphasizes that in the early stages of a startup, when revenue is limited, founders should focus on product development rather than hiring support staff.
Fielding notes that while VCs allow founders some discretion in spending, they closely monitor cash management, especially as it affects future funding opportunities. She identifies roles like COO and CFO as potential red flags, arguing they can be unnecessary and costly at this stage. Fielding advises that reasonable salaries for founders should be between $85,000 and $125,000, cautioning against high salaries that quickly deplete raised funds. Overall, she stresses the importance of financial prudence for early-stage startups.
A project of our size needs at least a few hundred million dollars per year to keep going,” Mr. Durov wrote in his public channel on Telegram late last year. “While doing that, we will remain independent and stay true to our values, redefining how a tech company should operate.
Telegram and Signal Havens for Right-Wing Extremists
Since the violent storming of Capitol Hill and subsequent ban of former U.S. President Donald Trump from Facebook and Twitter, the removal of Parler from Amazon’s servers, and the de-platforming of incendiary right-wing content, messaging services Telegram and Signal have seen a deluge of new users. In January alone, Telegram reported 90 million new accounts. Its founder, Pavel Durov, described this as “the largest digital migration in human history.” Signal reportedly doubled its user base to 40 million people and became the most downloaded app in 70 countries. The two services rely on encryption to protect the privacy of user communication, which has made them popular with protesters seeking to conceal their identities against repressive governments in places like Belarus, Hong Kong, and Iran. But the same encryption technology has also made them a favored communication tool for criminals and terrorist groups, including al Qaeda and the Islamic State.
