Chicago is one of the top spots on the world for startups, according to a new study.
A new survey reports that most Silicon Valley startups pay their chief executives less than $50,000 a year.
The data, reported by the Next Web, comes from a Compass survey of 11,160 global startups who use the company's data tools. It found that in the Silicon Valley, 75 percent of founders pay themselves less than $75,000, while 66 percent pay less than $50,000. India has the lowest pay at $30,208 with Australia has a high of $72,363.
While it's not known if lower-paid CEOs are good or bad for a company, angel investor Peter Thiel seemed to believe a low-paid CEO meant a more successful startup, according to the Next Web.
“The CEO’s salary sets a cap for everyone else. If it is set at a high level, you end up burning a whole lot more money. It aligns his interest with the equity holders. But [beyond that], it goes to whether the mission of the company is to build something new or just collect paychecks.