3 ms·
$1/mo x 12 months x 10,000 customers = $120,000 But that will not pay a modest developer salary. The corporate side of FICA is 7.62%. Also add in health insura
by koolba 2y ago
$1/mo x 12 months x 10,000 customers = $120,000
But that will not pay a modest developer salary. The corporate side of FICA is 7.62%. Also add in health insurance, a retirement plan, office space, a computer for the developer ... and that's just the human side. There's all the corporate costs (e.g., servers) and regulatory filings.
The only play I can see with something like this is to ride it out and hope some established player buys you out for the tech.
- UncleMeat 2y agoSure, we can quibble. If they are intending on paying competitive bay area salaries they'll be paying much more. Or maybe they can build the bulk of their engineering team in Warsaw or whatever and pay less. I picked a number on the lower side to be generous. Whether this pays for one developer, half a developer, or a quarter of a developer doesn't fundamentally change the big problem: you need a lot of users to cover even a small team and the total addressable market here is small.