It’s no surprise many entrepreneurs dream of becoming millionaires. After all, the startups we always hear about are the wildly successful ones. Mark Zuckerberg is now one of the top 20 richest people in the world after starting Facebook in his college dorm room, and Jeff Bezos is worth billions after starting Amazon out of his garage.
But most startup founders are far from billionaires, even if their companies are successful. In fact, the majority of startup founders make less than $50,000 per year.
There are more than 20 million startups around the world. A key to whether they succeed or not is how much the founders pay themselves. According to a study by Compass, a benchmarking company, 75% of startup founders in Silicon Valley have a salary below $75,000 and 66% below $50,000.
If your top priority is to get rich from your startup, you might be better off working your way up the ladder in a more traditional career in an established company.
Wondering exactly how startup founders determine their salaries, and how all these factors that come in to play? Check out the statistics below and the numbers might surprise you.
Infographic by: whoishostingthis