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Peter Thiel: Best Predictor of Startup Success Is Low CEO Pay

September 8th, 2008 at 11:30 pm

Source:TechCrunch
During the fourth session of TechCrunch 50, three companies came on-stage and discussed ways to improve advertising, while one company told those in attendance how to streamline email and make it easier to manage email overload. The session featured five panelists: Entrepreneur, Marc Andreessen; MySpace CEO Chris DeWolfe; Marc Benioff, chairman and CEO of […]Source:TechCrunch

TechCrunch50’s third session introduced four companies related to enterprise. The judges for this panel were: Marc Andreessen, Marc Benioff, Ash Patel, and Yossi Vardi. You can see our coverage of the first panel here and the second panel here. A sampling of the judges’ comments follows the company summaries.
Source:TechCrunch
In a long-ranging discussion today at TechCrunch50, investor Peter Thiel (PayPal, Facebook, Slide) gave his thoughts on what is the best predictor of startup success. At the Founder’s Fund, one of the most important factors he likes to look at before deciding to invest in a startup is how much the CEO is paying himself. (This is also a factor that one of his investments, YouNoodle, looks at to value private startups). Says Thiel:

The lower the CEO salary, the more likely it is to succeed.

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