10 ms·
Valve: "We heard you were making $350k/day, how would you like a job making $50k/year?"
by twymer 16y ago
Valve: "We heard you were making $350k/day, how would you like a job making $50k/year?"
- kevingadd 16y ago1) Health care, taxes, payment processing fees, development tools... There are a lot of expenses covered by an employer, especially when you're a game developer. 2) It's not $350k/day versus $50k/year, unless he can somehow sustain his current income indefinitely (he can't). 3) The value of games publishers and platform developers being willing to talk to you (and having access to development kits, etc) is hard to put monetary value on. Working at a studio like Valve gives you that, too.
- catshirt 16y agodude, we're talking about over $300,000 a day
- efsavage 16y ago"unless he can somehow sustain his current income indefinitely" If he sustains it for 2 weeks he's pretty much set for life.
- zacharycohn 16y agoHe's already sustained at least $250k/d for two weeks. These numbers are 100k bigger than the last ones I saw a few weeks ago. Pretty sure he could BUY Valve at this point. :p
- fredoliveira 16y agoI'm positive he can't ;-)
- sshumaker 16y agoConsidering he's made about 4mm, and Valve turned down a multi-billion dollar offer not too long ago, I think you might be a bit off-base. :)
- zacharycohn 16y agoSlight exaggeration. :)
- bond 16y agoRight now he has earned $3.6Million...
- henrikschroder 16y agoWhat do you mean health care? Look again where he's living.
- studer 16y agoPublic health care doesn't mean that nobody pays for it. Since he's not employed by anyone else, it's part of the ~15% in mandatory fees that he'll end up paying in addition to the ordinary income tax.
- henrikschroder 16y ago1) The grandparent argument that being employed would be great because of health care benefits assumes that the creator of Minecraft lives in the US. If he had bothered to read the first sentence of the actual article, he would have discovered that this is not the case. In this place, we read the articles before commenting. 2) What 15% fees? Health care in Sweden is financed through regional income tax.
- studer 16y agoNo, health care in Sweden is not solely financed through regional income tax. Large parts of the social security system are financed through payroll taxes and corresponding mandatory contributions from self-employed people (the latter is called "egenavgift" -- feel free to Google it). But looking again, he's in fact born before 1983, which means that he has to pay pension contributions as well, bumping the total contribution up to nearly 30%. In addition to income tax, that is.
- henrikschroder 16y agoI'll trust you on taxes and fees for small companies, and I actually had no idea that employment fees went to healthcare, I thought it all went to pensions and unemployment. Thanks for correcting me! :-) Anyway, I can see how the grandparent comment could somehow be right because of the technicality of how Markus' current company is set up, but his assumptions were still flawed, and he still didn't read the article. And 3 million € is still gonna be a pretty nice sum even after Swedish taxes.
- clistctrl 16y agoThere is more value in having a large quantity of money at once then that same quantity over time. If he is smart with the money, I would say he (and his children) are set for life.
- 9ec4c12949a4f3 16y agoHe'll be fine if he gets a financial planner and keeps running a business. He should start a business or foundation. Healthcare concerns are done away with because all your company really gives you with it's health care is the fact they've purchased into a group-policy with some company... you could do the same with your extended group of friends if you can organize the thing. 350k/day = 7 years of 50k/year. If he pulls 10 days of 250k/day he's made 50 years of income, or $2.5 million. |I'm really worried for the guy.|
- henrikschroder 16y agoPay attention to the article if you're commenting on it. Healthcare is done away with because of where he lives.
- ptomato 16y agoHe's also going to pay roughly 60% of everything he's made so far in taxes.
- InclinedPlane 16y agoa: he doesn't make $350k every day b: valve pays well north of $50k/year c: valve likely has profit sharing of some variety, which could be quite substantial d: likely valve wouldn't just hire him but would purchase his company, giving him a several million dollar lump sum payment Factor that in with the temptation to use valve's resources in developing your game, it's not such a bad deal. Nevertheless, if one is making even $10k a day and feels they can continue to support and develop their work independently then any offer of full-time employment is going to be an uphill battle.
- acgourley 16y agoI hear its not always that far north of 50k.
- cmos 16y agoA senior programmer can get over $120k easily.. though at the end of the day, you have a job. For someone else. poop.
- twymer 16y agoI understand that it definitely isn't the case, was really just making a joke about the fact that someone who strikes it rich turns down a normal job right after.
- kscaldef 16y agoYou still don't need many of those $350k days before you can comfortably "retire" (or whatever we're calling it when you have enough money to live off it forever)
- Tichy 16y agoMany = 10? (Rough estimate)
- InclinedPlane 16y agoIf you can't retire comfortably on $3.5 mil you're probably doing it wrong.