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| Monday, April 23rd, 2012

Haute 100 San Francisco Update: Peter Thiel Gives Start-Up CEOs Salary Advice

Peter Thiel, co-founder of Pay Pal and current president of Clarium Capital, is giving his fellow entrepreneurs—especially the new ones—some advice.

According to the venture capitalist, nothing more than $150,000 is the ideal starting salary for a start-up chief executive. “Less than $150,000,” even, he stated. “[It’s about] setting the right tone for the company and you always want to get to this question of motivation – do people actually believe in what they’re doing?”

Thiel refers back to Reid Hoffman, CEO of LinkedIn, who took only a $15,000 salary as chief executive.

READ MORE ABOUT THIS HAUTE 100 MEMBER HERE.

Photo credit: Markham Johnson

 

 

 

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