I interpreted him to mean that he was making $200k a year, then recently gave it up to start his company (at which he is now making $0, thus, "the bottom").
It's certainly not "the bottom" if he has any appreciable amount of savings -- or if he's kept in the good graces of his now-former VC colleagues, whom he can call upon when the time comes to raise a round. But I don't think he meant to suggest that a $200k salary is "the bottom."
It's certainly not "the bottom" if he has any appreciable amount of savings -- or if he's kept in the good graces of his now-former VC colleagues, whom he can call upon when the time comes to raise a round. But I don't think he meant to suggest that a $200k salary is "the bottom."