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“$20k per month is a paltry amount of revenue” – a guy on Hacker News
- URfejk 6y agoJeff Bezos to this guy on Hacker News: Your lifelong revenue is a paltry amount compared to mine. Now hold my beer and clean the dishes. Bill Gates: I need a pool boy. Any volunteers? Jack Ma: That guy on Hacker News has open his mouth again. He is funny. Joke aside, there are a lot of people all around the world that would "kill" for that amount of revenue. People like this fella behave like they are the biggest sharks in the ocean, while the true big sharks look down on him the same way he looks down on others.
- 60secz 6y agoWhy the fixation on revenue over margin and income?
- rdtwo 6y agoI mean he’s not wrong 240k annually is enough to pay 1-2 developers after other costs. And that’s assuming 50% profit. So yes it is
- hedora 6y agoWhat? 50% implies 120K profit for the owner (pre tax) That leaves 60k per developer. The standard rule of thumb is that an employee costs their salary in overhead and payroll tax, so, that’s 30K per year per developer, assuming the business has zero operational overhead. 240K for a one person company? Sure. One with 2 additional employees expecting tech wages? Probably not.
- rdtwo 6y agoAgree with that math. 1 is realistic 2 Is a stretch but might be realistic in a developing country
- tester756 6y agoUSA perspective In my country for 100K USD/month you could get like 10-15 very highly skilled and experienced people
- Pick-A-Hill2019 6y agoIt would be nice if somebody could provide the link to the "Some guy on HN said" comment for context.
- Nekhrimah 6y agoDid a bit of searching, and it seems the two most likely threads are: Persisting as a solo founder https://news.ycombinator.com/item?id=24251403 https://news.ycombinator.com/item?id=24251403 Research Says Solo Founders Perform Better https://news.ycombinator.com/item?id=24148113 https://news.ycombinator.com/item?id=24148113 But neither clearly contains a reference to $20k being paltry. Sorry!
- unreal37 6y agoHere: https://news.ycombinator.com/item?id=25096873 https://news.ycombinator.com/item?id=25096873
- 908B64B197 6y agoThat really depends if the business scales or not and what the end goal is. 20k of revenue and almost no profits for a business that won't scale isn't that great. That being said, it's infinitely better than the 0k a month you get from not launching something.