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> 1. Raised $2.9m, 4 employees, 5 years. Let's say 2/3 of overhead was salary, which seems reasonable. So that's 500k each, or 100k/yr. This seems excessive? We
by brotherjerky 8y ago
> 1. Raised $2.9m, 4 employees, 5 years. Let's say 2/3 of overhead was salary, which seems reasonable. So that's 500k each, or 100k/yr. This seems excessive? Were the founders paying themselves too much? Or where did the money go?
This comment is so naive that I don't know where to begin. You can't hire any quality people at $100k / yr fully loaded in SF Bay area.
- venantius 8y agoFor a seed stage company, 100k is not at all unreasonable. Extremely early employees get hefty stock grants to compensate for this.
- user5994461 8y agoThat's looking for a co-founder or unpaid labor, not an employee.
- RikNieu 8y agoOut of interest - what is considered a hefty stock grant?