A startup founder’s hourly rate
i’m going to teach a course for first-time startup entrepreneurs called stop fucking around and get back to work.
— Paul Stamatiou (@Stammy) April 23, 2012
Here is an awesome interview on Mixergy, and I like a ton of them on there. This one is Jason Cohen who has been popular in the startup community for awhile. There’s a lot of gems in this interview, but the one that stood out the most was his bit about how much a founder’s time is worth. I’ll summarize it for you here, but it’s worth watching the entire interview.
Most folks starting a business will assume their time is worth whatever their hourly rate was before staring a business. If you were making $100 an hour doing consulting before, well, that’s what your time is worth now.
So any calculus, done on the opportunity cost sacrificed when you screw around and don’t work on things that will actually get your business to start...