4 ms·
There’s not really enough detail in your post to analyze. 10% of revenue could be nothing or it could be millions. Are you venture funded? What’s your burn rate
by pnw 4y ago
There’s not really enough detail in your post to analyze. 10% of revenue could be nothing or it could be millions. Are you venture funded? What’s your burn rate and runway and how much did this cost in comparison?
I know plenty of companies who have gone 100% remote and spend part of the money they save on company retreats in order to get actual facetime with each other. It’s not clear if this applies to you or not.
- deleted 4y ago[deleted]
- bjornsing 4y agoOP says they have 30 employees and are (barely) profitable, no? That’s enough of an indication to me: cost was about 3 people’s annual salary.
- MacsHeadroom 4y ago10% of annual revenue is not 10% of annual burn. Their MMR could be $20k, making the cost $24k or about $800 per person for a week long retreat. That doesn't seem insane. There's simply not enough information in the post.
- bjornsing 4y ago> 10% of annual revenue is not 10% of annual burn. Not in general. But if the company is “barely profitable” then revenue is approximately equal to cost, and thus 10% of annual revenue is approximately equal to 10% of annual “burn”.