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Man, just 10 people working there, couldn't have done that with vc backed funding. Have to grow, then have to add people to grow, then have to add features to

Man, just 10 people working there, couldn't have done that with vc backed funding. Have to grow, then have to add people to grow, then have to add features to try to pay for the people. But man, if you think about every $25 car/apartment/job post, it's plenty of money for 10 people. Pretty insane.

ghaff 4y ago
>plenty of money for 10 people I'm guessing a lot of people here wouldn't consider it plenty of money.
- xapata 4y ago
  Craig Newmark has roughly $1B.
  - ghaff 4y ago
    I doubt if he’s typical of people working at Craigslist.
    - thfuran 4y ago
      A billion split ten ways is still a decent chunk of pocket change. Clearly there's money in Craigslist, regardless of how it has been apportioned.
      - adolph 4y ago
        has != earns Makes me wonder: if people were offered a lump sum up front which represented their lifetime take-home pay + fringe for the job they will do for the rest of their life, what would people's number be? Or another way, a choice of a 10 year contract to do X worth 100k/annual take-home with 1m delivered at start, or an unchanging biweekly paycheck. Would the biweekly need to be higher to make it more attractive than the one-time payment or could it be lower yet still be the favored choice.
        thfuran 4y ago
        >has != earns Yes, and? >a choice of a 10 year contract to do X worth 100k/annual take-home with 1m delivered at start, or an unchanging biweekly paycheck. Would the biweekly need to be higher to make it more attractive than the one-time payment or could it be lower yet still be the favored choice. You can only make the up front payment so large before employees start quitting early and moving to Montenegro.
        adolph 4y ago
        >>> Craig Newmark has roughly $1B. >> I doubt if he’s typical of people working at Craigslist. > A billion split ten ways is still a decent chunk of pocket change. The difference being that Newmark has an equity stake of some hypothetical value and the people working there would receive some fixed value per unit of time. If Newmark were to pay each of 10 workers $1B/10 then: * their paychecks afterward would be much smaller * their next tax period would be much larger * someone else would control Craigslist since the equity stake would have been liquidated (probably causing it to be worth less than $1B) Thus `has != earns` > quitting early and moving to Montenegro I'm of the thought that there is only so much leisure a person can take before there is a drive to contribute toward the betterment of humanity. If someone trusted you and you were trustable, would you take a large lump sum and work for work's sake? Would it make a difference if the sum was an equity stake in the work's environment? https://www.goodreads.com/quotes/1501096-let-s-suppose-that-you-were-able-every-night-to-dream https://www.goodreads.com/quotes/1501096-let-s-suppose-that-...
        JohnFen 4y ago
        > I'm of the thought that there is only so much leisure a person can take before there is a drive to contribute toward the betterment of humanity. I agree completely. > If someone trusted you and you were trustable, would you take a large lump sum and work for work's sake? Would it make a difference if the sum was an equity stake in the work's environment? I wouldn't, if it involved a long-term commitment. It's the long-term commitment that's the issue. It locks you into one thing and eliminates the ability to do something better -- or just different -- later on. The money doesn't really enter into it.
neonscribe 4y ago
He said "in the 10s", so I guess it could be up to a couple hundred. Still, a remarkably small number for a business like that.
- layer8 4y ago
  I think “in the 10s” means less than a hundred. Probably not close to a hundred as well in this instance.

ghaff 4y ago

>plenty of money for 10 people I'm guessing a lot of people here wouldn't consider it plenty of money.

xapata 4y ago
Craig Newmark has roughly $1B.
- ghaff 4y ago
  I doubt if he’s typical of people working at Craigslist.
  - thfuran 4y ago
    A billion split ten ways is still a decent chunk of pocket change. Clearly there's money in Craigslist, regardless of how it has been apportioned.
    - adolph 4y ago
      has != earns Makes me wonder: if people were offered a lump sum up front which represented their lifetime take-home pay + fringe for the job they will do for the rest of their life, what would people's number be? Or another way, a choice of a 10 year contract to do X worth 100k/annual take-home with 1m delivered at start, or an unchanging biweekly paycheck. Would the biweekly need to be higher to make it more attractive than the one-time payment or could it be lower yet still be the favored choice.
      - thfuran 4y ago
        >has != earns Yes, and? >a choice of a 10 year contract to do X worth 100k/annual take-home with 1m delivered at start, or an unchanging biweekly paycheck. Would the biweekly need to be higher to make it more attractive than the one-time payment or could it be lower yet still be the favored choice. You can only make the up front payment so large before employees start quitting early and moving to Montenegro.
        adolph 4y ago
        >>> Craig Newmark has roughly $1B. >> I doubt if he’s typical of people working at Craigslist. > A billion split ten ways is still a decent chunk of pocket change. The difference being that Newmark has an equity stake of some hypothetical value and the people working there would receive some fixed value per unit of time. If Newmark were to pay each of 10 workers $1B/10 then: * their paychecks afterward would be much smaller * their next tax period would be much larger * someone else would control Craigslist since the equity stake would have been liquidated (probably causing it to be worth less than $1B) Thus `has != earns` > quitting early and moving to Montenegro I'm of the thought that there is only so much leisure a person can take before there is a drive to contribute toward the betterment of humanity. If someone trusted you and you were trustable, would you take a large lump sum and work for work's sake? Would it make a difference if the sum was an equity stake in the work's environment? https://www.goodreads.com/quotes/1501096-let-s-suppose-that-you-were-able-every-night-to-dream https://www.goodreads.com/quotes/1501096-let-s-suppose-that-...
        JohnFen 4y ago
        > I'm of the thought that there is only so much leisure a person can take before there is a drive to contribute toward the betterment of humanity. I agree completely. > If someone trusted you and you were trustable, would you take a large lump sum and work for work's sake? Would it make a difference if the sum was an equity stake in the work's environment? I wouldn't, if it involved a long-term commitment. It's the long-term commitment that's the issue. It locks you into one thing and eliminates the ability to do something better -- or just different -- later on. The money doesn't really enter into it.

neonscribe 4y ago

He said "in the 10s", so I guess it could be up to a couple hundred. Still, a remarkably small number for a business like that.

layer8 4y ago
I think “in the 10s” means less than a hundred. Probably not close to a hundred as well in this instance.