I have been negotiating with a technical co-founder. However, he needs to have a salary to come on board in more than an occasional advisory capacity. How much salaries are others paying to a technical co-founder if they are a seed-stage company (no product yet)? Do you pay the salary for the co-founder only if they are performing the technical work? For example, this person wants to manage other technical staff. So I would need to raise enough funds to pay at least one technical staff or contractorplus the co-founder. (Or skip the co-founder and just hire several lower level technical staff.)
Or do you only make co-founder agreements for equity only and not salary?
If you are paying a technical co-founder prior to having a product/revenue- how did you raise funding?
What would be an upper limit on technical co-founder salary (considering that the founder is not drawing any salary, is currently funding the company, and the company is a year or so out from revenue).