5 ms·
Yeah, ~10 employees in SF + office rent + other various costs (lawyers, accountants, the odd office party, etc.) will easily burn through $4M a year. Edit: oh
by GuiA 9y ago
Yeah, ~10 employees in SF + office rent + other various costs (lawyers, accountants, the odd office party, etc.) will easily burn through $4M a year.
Edit: oh wait, that's $8M in October 2016, not 2015 - ie 8 months ago. Burning $1M a month does seem quite high. Maybe they're shutting down early to give some money back to investors?
- kickme444 9y agoWe're in SLC and still have the majority of that money left.
- arkitaip 9y agoAre you working on another startup? Will you use that money to finance the new startup?
- ontoillogical 9y agoSLC?
- codezero 9y agoSalt Lake City
- stale2002 9y agoGood on you! To many startups these days just try to throw good money after bad.
- fictioncircle 9y agoI know it's probably out of your hands but if you could AGPL the codebase, pitch decks, etc. It would be wonderful to help ppl learn, if nothing else.