4 ms·

revenue != profitable business

• arikr 9y ago
  Of course. Though the existence of what seems to be a number of other bootstrapped bootcamps working fine confuses me. Also, pretty sure dev bootcamp was bootstrapped - if they didn't put in outside capital, then either they were profitable from day one or they were running break even. I'd guess they were profitable.
  • arikr 9y ago
    Hm, wikipedia lists 40 staff, and 450 students per year. Say 40 * $200,000 = $8mm/yr, plus rent. 450 students/yr ~= $6mm. This back of the envelope would point to them being unprofitable.
    • blackoil 9y ago
      Avg. salary of 200K seems to be very high?
      • arikr 9y ago
        Fully loaded cost. See: https://www.quora.com/Why-did-Vicarious-raise-so-much-money-40MM-in-March-2014/answer/Michael-Wolfe?srid=p42X https://www.quora.com/Why-did-Vicarious-raise-so-much-money-..., https://www.quora.com/What-is-the-mean-cost-per-year-for-a-software-engineer-in-Silicon-Valley/answer/Michael-Malone?srid=p42X https://www.quora.com/What-is-the-mean-cost-per-year-for-a-s...
      • cjbprime 9y ago
        It was a ballpark of the cost per employee, not the salary per employee.
      • jnmandal 9y ago
        You normally do math like this with assumption an employee costs 2x salary.