3 ms·
Investors ploughed a combined $400 million into them across 2015 and 2016. 1,600 employees in that segment probably cost ~$120m per year in salary and benefits
by adventured 8y ago
Investors ploughed a combined $400 million into them across 2015 and 2016.
1,600 employees in that segment probably cost ~$120m per year in salary and benefits, give or take $20m. (their employee count was higher than 1,600 for a time though)
They likely have burned through a lot of that $400m in the last 40 months. TechCrunch reports they had just over 300 employees in mid to late 2013. So they increased headcount more than 5x in 3-4 years (another article reports they were up over 1,700 employees sometime in 2017).