Pilot’s annual Founder Salary Report provides a sense of what other founders in similar positions are doing and what trends they are facing. We hope this report proves helpful as you determine what’s right for you and your company.
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Average funding amounts increased +48% to $12M (excluding one outlier of $1.1BN) up from $8.1M in 2022. It's a similar story to the trends we saw in overall salaries, while the average fundraising amount has increased YoY for those that have raised, the incidence of founders bootstrapping their startups has increased +180% from 4.5% of respondents in 2022 compared to 11.5% in 2023.
Note: Includes zeros
Note: excludes 1 outlier who has raised $1.1BN
of founders have reported funding between $1M to $3M
Founders who are VC-backed are more likely to have higher salaries compared to their bootstrapped counterparts. Of the founders who paid themselves between $100K and $200K annually, on average, 93% of them were VC-backed while only 4% were bootstrapped.
Nearly 70% of bootstrapped founders pay themselves between $1-$100K annually, while 54% of VC-backed founders pay themselves between $50K and $150K a year.
Bootstrapped companies were defined as those with no funding, while VC-backed salaries are defined as those with some investor capital.