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Thanks! 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:
by stevekrouse 3y ago
Thanks! 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.