There are a many reasons why startups fail. Founders squandering funds by overpaying themselves is one of them. Let’s break the rugger’s (
@bunjil
) wage down 👇🏻 🧵
Sketchy Bears will always be the entry level collection into the
@bearmarketer
universe. Any sketchy that believes they will one day flip OG's, let alone papers; is flat out delusional.
George migrated to BTC. He’s gone!
*Thanks to
@terpdoctor_
for assisting with the burn and inscription. 🫡
**Thanks to
@HODLsolana
for the video edit. Gone bro!!
Anyone that has any business acumen will tell you that startup founders should pay themselves the market rate when the business is generating revenue & that funding must be allocated to establishing the business. Founders don’t get rich off their salary, but off equity.
Conclusion:
Project founders must be compensated for their hard work, however it is evident that Bunjil was not a good steward the project’s funds & was more interested in his financial gain before the financial solvency of his project. He rugged. That plain and simple.
The average monthly wage per family in India is the equivalent to $375. Bunjil paid himself 22.22x the average family wage in India.
What about the minimum wage? Well he paid himself 128x that wage.
But he’s a funny guy they say!
But he knows his worth!!
Well if we look at the highest average income in the world (Switzerland), Bunjil paid himself more than that too; approx 1.4x.
But he’s honest they say!!
To bring this into perspective, the average PhD salary in India is approx. $32,000 USD per year. Bunjil paid himself 3.12x the PhD rate. Nice right? How about we compare the average family monthly wage?
The median household income (average family wage) in the USA is approx. 58,000 per year. Bunjil paid himself 1.72x the average wage for a family in the USA.
Minimum wage is $7.25/hr, Bunjil paid himself 6.6x that wage.
.
@grapezzzzzzz
is such a valued member of the
@bearmarketer
community. Please do us all a favor and keep yourself safe. Anthony Bourdain would most definitely be proud of you.
My pfp is better than any other pfp, on any chain
Prove me wrong
@SCUMSOL
is the most based artist in web3, on any chain
Prove me wrong
LFG MY SLIME IN CRIME.
We’re selling
@4btc_
’s 2018 Dodge Demon. About 69k miles. Orange graphics are just from
@bearmarketer
He’s in Atlanta.
@grapezzzzzzz
will listen to offers. DMs are open.