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I love the product. Very creative simple and useful. From about page you said you raise 1.5mm in pre seed funding. congratulations. Your about says you're not
by bko 3y ago
I love the product. Very creative simple and useful.
From about page you said you raise 1.5mm in pre seed funding. congratulations.
Your about says you're not hiring, so what are you planning on doing with the money? That struck me as an astronomical amount esp for a pre seed
- stevekrouse 3y agoThanks! We're a team of four and that's about as big as you can get on 1.5m on full-time rates these days :shrug:
- bko 3y agoThanks for answering. I guess you guys are paying yourselves competitively. I thought most startups pay maybe 150k + equity with maybe a one year runway. Which would mean you would be able to support a team of 10. https://kruzeconsulting.com/do-founders-of-startups-that-have-raised-millions-give-themselves-paychecks-if-so-how-much-money-do-they-pay-themselves/ https://kruzeconsulting.com/do-founders-of-startups-that-hav...
- killingtime74 3y agoMaybe not everyone wants to cut it so fine? Makes sense to be conservative in this kind of climate. Never know how long until you can raise again
- dsr_ 3y agoPresumably: - the cost of an employee is not just their salary, but health insurance, taxes, a computer setup - it costs something to run the service So they may well be paying 4 people 150K each, and they have a year of runway.
- epiccoleman 3y agoRight, but presumably with some insurance and other benefits, total yearly run cost per employee are a bit higher.