bbertucc

Family and friends want to invest in my company during a "love money" round. The family and friends are non-accredited investors under SEC rules. Can they still invest money with us using a YC SAFE? If the friend/family member can't use the YC SAFE themselves, how might I accept investment from them? Via a trust?

A friend said "no salary" startups succeed less than startups where founders take salary. I can't find any info to confirm / deny this.

My case: My company has no revenue yet. I have enough savings to live comfortably for several years. Raising money takes time from developing the product and also means I give away equity. A salary would probably focus my attention more on the company, but "focus" seems ineffable.

What else should I consider about taking a salary during a pre-revenue stage?

$325k '20 income w/ $80k profit, $222k '19 income w/ $66k profit ... solid buildout workflow (2 wks buildout for most sites).

I'm focusing on a product and now selling my Web Dev shop. Two Dev shops are interested in buying. What price should I sell at? What other factors should I think about?