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> salaries are the number one thing venture funding is spent on. Are you sure? I think that's possible, but my first guess would be rent (anywhere, not just in
by zbentley 9y ago
> salaries are the number one thing venture funding is spent on.
Are you sure? I think that's possible, but my first guess would be rent (anywhere, not just in SF--unless you're all remote, even tiny corporate real estate is expensive), followed by salaries/benefits.
Regardless, it would be interesting to see some data explaining how VC funding is spent. Even better to see how the spending percentages change over time/stage.
- falcolas 9y agoWell, if you take the WeWork style co-working spaces as a real estate cost baseline, each employee in a private office will cost somewhere around $1,000 a month for the space. In contrast, an employee making a salary of a mere $120,000 will cost the company somewhere north of $13,000 a month (salary + taxes + benefits).
- deleted 9y ago[deleted]