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Ask why your senior leadership team cannot find a significant fraction of that ARR to spend on really high quality engineers?
by ticviking 4y ago
Ask why your senior leadership team cannot find a significant fraction of that ARR to spend on really high quality engineers?
- ido 4y agoHow do you know it’s not significant? What if the company is making $5M in yearly revenue with 20% profit margin (so net income of $1M, remember most industries don’t have profit margins as high as software)? I remind you in this case their main business is not even software, but insurance and customer care services (with the software there to support that). They can’t/shouldn’t spend 40% of their profit margin ($400k/year) in matching facebook’s compensation for a top notch senior developer.