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The Tech Entrepreneur's Survival Guide: How to Bootstrap Your Startup, Lead Through Tough Times, and Cash In for Success by Bernd Schoner

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CHAPTER 7

Compensation

Money can’t buy happiness, but neither can poverty.

—LEO ROSTEN (1908–1997)

A young venture relies on the commitment of the individuals to the company as much as it relies on the commitment of the company to the individuals. There will come hard times for the company, and there will come hard times for the individuals driving it. If the startup and a key employee get into trouble at the same time, it can mean the end of the venture. Short of such an unfortunate meltdown, the resources of the company can help stabilize the individual. Likewise, a well-balanced and grounded founder or executive can make a huge difference ...

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