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> team is 3 people, quite junior. Even at FAANG salaries this wouldn't be that much compared with $20M
by hnfong 4y ago
> team is 3 people, quite junior.
Even at FAANG salaries this wouldn't be that much compared with $20M
- colinmhayes 4y agoYou don't know what the costs are though. The site could have huge costs of content acquisition or any number of reasons to not be making anywhere near $20 million profit.
- k8sToGo 4y agoThe engineering team might be 3 people but not the whole company.
- jtsiskin 4y agoYes, but the parent is saying this could be an e-commerce website, or construction company, etc. But having an iOS app feels unnecessary for most of these businesses
- zem 4y agoa lot of field operations these days are done on phone or tablet apps, so I can totally see an ios developer being vital for internal processes
- OJFord 4y agoRevenue isn't the same as Earnings Before Salaries either. E.g. maybe it's an e-wholesaler or widget reseller, bought $19M goods and sold $20M. Or maybe it was much slower than expected, they actually bought $25M goods and are burning 500k/month on warehousing. Or whatever.