Anyone who thinks they should get a salary like that when you've only raised $250k should not be your CEO. Run away quickly. Don't even try to negotiate him down.
Agreed. You may be overestimating his value in general. Take that money and use it to quit your full time job so you can focus entirely on building your business.
I don't know enough about the specifics of your business to say much else, but in general, the only thing that matters is having a product people will open their wallets for. If your poc is turning heads but not opening wallets--why is that? Are you positive those wallets would open if you presented some kind of MVP or a polished product? Could you get a deposit now?
re: specifics, of course and thanks for understanding my position to not yet be able to announce/disclose it (seriously, it is close). The POC was for that purpose, a night/weekend project for me over the past year until I realized it had legs. It needs just a bit more love before I could make it B2C ready, which is why I feel it's close. I would like to think that we can start making sales soon, however his role is not as much in B2C, it's B2B sales, which is why it's frustrating he wants to sell an MVP that isn't ready yet.
