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I'm not sure how meaningful "profit" is in the context of a privately owned company. Ok, so they only had $2,127 left over at the end of the year after costs,
by stoney 16y ago
I'm not sure how meaningful "profit" is in the context of a privately owned company. Ok, so they only had $2,127 left over at the end of the year after costs, which sounds pretty small compared to the revenue number, but that's after paying the salaries of 45 employees, which presumably includes the owner. It seems slightly arbitrary where you draw the line between "profit" and "owners salary".
- jonknee 16y agoThey have stock options for employees and a lot of VC capital, so the "owners salary" is hard to define. I'm sure the founders receive a nice salary, but the investors aren't going to be happy with having $2k left at the end of the year to split.