Initially that seems a bit high, but after thinking about it a bit, it doesn't seem unreasonable. LA and NYC are expensive places to live, so the salaries will

Initially that seems a bit high, but after thinking about it a bit, it doesn't seem unreasonable. LA and NYC are expensive places to live, so the salaries will be bumped up to account for the cost of living. And the $80 million figure takes into account all of the taxes, social security, unemployment insurance, and benefit costs associated with the employees. An employee making $80k a year can easily cost $100k- $120k a year depending on benefits and taxes. And its trendy for big name "startup" companies to offer high salaries and costly fringe benefits to attract "rock star" programmers.