Yes, I described how "some" businesses do it, most of them fail by 5 year mark or earlier and most of them don't give equity to early employees and don't have founders that work for equity, those are "some".
In contrast, most high tech or newer generation of self educated founders start without any money till there is an MVP and if some money are needed they are almost never allocated for complying with minimum wage laws to pay to equity earning founder, because in most businesses there is a more pressing need to pay for unavoidable things without which business wouldn't exist at all.
I perfectly know how law works, you just didn't picked-up on an emphasis of "legally" that was kind of obvious, meaning was "exist in legal compliance" I could have phrased it more accurately and you got me there, but it was more of an emotional typing than a prepared essay.
"The main problem is that you're completely missing the point." Sorry, can you be a little less confrontational?
"This is a complete non-topic." "...pay yourselves minimum wage if you can." And if I can't pay myself and several more founders? Would that make it a "Yes, topic" ?
I don't trust just one person's proclamations, specially when it makes no sense and there is no explanation, just a directive.
What sense does it make for all Founders depositing into start-up their post tax saving just so that start-up pay them back those money minus second income tax, minus second FICA & Unemployment insurance deductions for next 6-12 month?
That doesn't make sense to me. Because that prevents almost all tech startups to legally exist.
In contrast, most high tech or newer generation of self educated founders start without any money till there is an MVP and if some money are needed they are almost never allocated for complying with minimum wage laws to pay to equity earning founder, because in most businesses there is a more pressing need to pay for unavoidable things without which business wouldn't exist at all.
I perfectly know how law works, you just didn't picked-up on an emphasis of "legally" that was kind of obvious, meaning was "exist in legal compliance" I could have phrased it more accurately and you got me there, but it was more of an emotional typing than a prepared essay.