San Francisco | Monday, April 23rd, 2012
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.
Photo credit: Markham Johnson