They have revenue, but at just $3MM in revenue, it still looks like they are operating at a loss. Doing some quick calcs: $3MM Revenue / 34 employees = $88,235

They have revenue, but at just $3MM in revenue, it still looks like they are operating at a loss. Doing some quick calcs: $3MM Revenue / 34 employees = $88,235 per employee. In most major US cities, that wouldn't even cover the base salary of an skilled employee. Not to mention benefits, payroll taxes, etc. Add this to all the equipment costs, office rental space, etc. and they must be operating at a loss. I've heard that most VCs/Angels consider a company profitable only if they're making an average of $200K/year per employee. Under these circumstances, it's clear why they took funding because it provides some breathing room for another year or so till they reach true profitability. Even so, it's still commendable that they're able to hold on to their ideals of a 4-day workweek given their current circumstances.