The situation is as follows. There are 3 investors:
- Me, founder & MD 75% of shares, invested 500k
- Relative 1, 15% of shares, invested 630K
- Relative 2, 10% of shares, invested 500k (as a loan to the company)
I started this company 1 year ago and both other investors joined 6 months after start up.
For the past year I have been working full time (and then some) for this start up. Other investors don't play an active part.
I don’t have any customers yet. Right now I’m in the ‘everything is almost done’ phase. I will be ready for my first customer pitch within 2 months and I expect to have my first customer within the next 6 months.
Can I justify a (modest) salary for myself?