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LinkedIn says they had north of 600 employees -- 666 oddly enough. 456 in the US. If your average payroll cost is $100k for 600 employees, that costs the busi
by x0x0 5y ago
LinkedIn says they had north of 600 employees -- 666 oddly enough. 456 in the US.
If your average payroll cost is $100k for 600 employees, that costs the business $135k, so payroll alone is $76m/year, or $6.5m/mo. If average payroll were closer to $200k, double that obviously. You can blow through $100m in no time.
On, unbelievably, $600k in revenue in 2021 per The Information. https://www.theinformation.com/articles/why-stripes-fast-horse-is-losing-the-one-click-checkout-race https://www.theinformation.com/articles/why-stripes-fast-hor...
- czbond 5y agoGreat contextualization.... I can see the payroll now. But on $600k revenue?? That is super nuts. There are sites selling on 'empire flippers / flippa' that make equal to that revenue for a WHOLE lot less valuation. nuts...
- reducesuffering 5y agoPieter Levels is a 1 man PHP shop doing more revenue than that and at 95% margin.