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"Even if you have 100,000 users and 1,000 pay for your paid account. If you charge $10 per month, you are still making only 10k per month, barely making the sal
by synnik 17y ago
"Even if you have 100,000 users and 1,000 pay for your paid account. If you charge $10 per month, you are still making only 10k per month, barely making the salary of one person. No one will invest in a company like that."
If I have a side project pulling in 10K a month, I don't really care if nobody wants to invest. I've already succeeded.
- idlewords 17y agoBarely making the salary of a really, really highly-paid person.
- carbocation 17y agoOn the side of whatever you do normally, to boot.
- loumf 17y agoWith 10k/month, it's unlikely that it could be a side job, but it's also likely you could live on it and try to grow it.
- dnsworks 17y ago"highly paid" is relative. $10k/month in San Francisco is an average programmer's salary .. Once you deal with the realities of a business (unemployment insurance, health insurance, payroll taxes, franchise taxes, income taxes, cell phones, internet, hosting) it's not really a single FTE's salary in say SF, Seattle, or NYC.
- idlewords 17y agoIf you want to live a programmer's lifestyle in San Francisco, then by all means keep your programming job. For my part, I decided that not having to enter comments into a spreadsheet marked 'Game Changers' was well worth a 75% pay cut. The 'realities of business' are not expensive for a sole proprietorship, if you are frugal. At $10/k a month, I could live like a king.
- dnsworks 17y agoAnd if you needed to scale? If you needed more servers, bandwidth, or staff? Then what?
- idlewords 17y agoIf you're making $10k/month and feeling pressure to grow, that sounds like a problem worth having. At that point I don't think it would be hard to find an investor (other than the OP) to help out.
- Retric 17y agoMost company's grow from either: A) Borrowed money. B) Rolling those profits back into the company. Assuming lead time is less than a year and the profits are already significant both of these options can grow extremely fast. However, just because you can pay someone a reasonable wage to do what you do does not mean it's profitable. It's easy to throw a lot of time and money after a bad idea that only seems to be working.
- _delirium 17y agoIt simply isn't true that $120k/year is the average programmer's salary in SF. That's near the high end of programmer salaries, especially if you're young (programmers in their 20s rarely get >$90k).
- python123 17y agoThere are plenty of programmers right out of college making low six figures. Of course, there are plenty of programmers in SF and SV; these are just the good ones.