100. My startup is nearing the end of its runway - and I found out my CEO has been taking money from the company. What should I do? Unfortunately, this is a little more common than you think. The very best CEOs never “take money from the company” in my experience but I’m guessing in at least 5% of venture-backed start-ups, some founders do something wrong here, pays themself back for “expenses”, Takes “a loan”. Whatever. There’s some paper justification but it is stealing. A few thousand dollars, if that’s all it is, isn’t material. You may be wrong and small numbers are a wash anyway. I’m confident as a CEO, I had many tens of thousands of expenses I forgot to expense. A few nickels don’t matter but if it’s true, it’s someone you probably don’t want to work for. Get on AngelList and find something new. SAASTR.COM 99
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