There are consequences for putting one founder in a tighter spot than the others.
This can play out as one founder having to take off for dr appointments b/c things are stretched so thin their spouse can’t take off or they can’t afford a nanny, etc.
It also plays out that the founder in the tighter spot is going to be making decisions geared to a faster influx of minimal cash vs long-term value building. This is the same as VCs letting founders take some money off the table in later rounds b/c “the first million is worth more” and the investors want to swing for the fence.
Happiness doesn’t change much over $50k, but that number goes up with kids. BUT, that also means if you are going to take into account family situation, you should also take into account family money, if you have kids and a spouse with a big salary, you may not need more.
Every time I hear this I cringe. I was much happier making $180K than I was making $60K. I could go out more often, purchase more of my wants and needs without worrying about mounting credit card debt. Afford to live in a non-shit-tier apartment, and still have money left over to tuck away a decent emergency savings fund without it taking a decade to reach 6 months living expense backup savings. Who came up with this figure I wonder?
It's a since discredited number from studies on gallup polls. I think it was the freakonomics blog that had a series of posts outlining the issues with it; since then there were more rigorous studies concluding that the earlier conclusion was not valid.
This can play out as one founder having to take off for dr appointments b/c things are stretched so thin their spouse can’t take off or they can’t afford a nanny, etc.
It also plays out that the founder in the tighter spot is going to be making decisions geared to a faster influx of minimal cash vs long-term value building. This is the same as VCs letting founders take some money off the table in later rounds b/c “the first million is worth more” and the investors want to swing for the fence.
Happiness doesn’t change much over $50k, but that number goes up with kids. BUT, that also means if you are going to take into account family situation, you should also take into account family money, if you have kids and a spouse with a big salary, you may not need more.