4 ms·

I know it's cliche to say, but my god, where did the $141 million go?

namenotrequired 12y ago
According to the article over half of it ($80 million) was only raised last month, so hopefully little of that went anywhere yet.
rdl 12y ago
What has been spent has mostly been spent on salaries. I suspect they're keeping a much larger buffer than a lot of companies, for two reasons: because they can raise money cheaply, and because they don't have a clear monetization path yet, so it might be years before they have meaningful revenue, even if they discovered the strategy today. I'd just estimate 250k/person/year loaded cost for their expenses, and it would probably be accurate -- they're not making big media buys or other non-personnel expenses. 125k salary ends up being about 250k once all other direct and indirect costs are factored in.
- elithrar 12y ago
  > 125k salary ends up being about 250k once all other direct and indirect costs are factored in. I find an additional $125k to be a stretch, but I also have no data to back this up. I'd be curious to see the breakdown for this: $125k + some share of insurances, office spare per square meter, equipment, training, social events, etc - what else?
  - gdilla 12y ago
    social security /FICA taxes from the employer, retirement benefit contributions, other benefits, and basically the entire cost of your HR deptartment and possibly other cost centers. Overhead rate goes down if you hire more peeps.
  - bmm6o 12y ago
    That's the standard rule of thumb, that your cost to your employer is roughly double your salary. Of course it depends on tax rates, insurance rates, quality of benefits, etc. But if you are just estimating for a company you don't have much knowledge about there isn't a much better number to use.
presty 12y ago
as namenotrequired said, the latest round was very recent but their team page does lists 77 people https://www.quora.com/about/team https://www.quora.com/about/team

According to the article over half of it ($80 million) was only raised last month, so hopefully little of that went anywhere yet.

rdl 12y ago

What has been spent has mostly been spent on salaries. I suspect they're keeping a much larger buffer than a lot of companies, for two reasons: because they can raise money cheaply, and because they don't have a clear monetization path yet, so it might be years before they have meaningful revenue, even if they discovered the strategy today. I'd just estimate 250k/person/year loaded cost for their expenses, and it would probably be accurate -- they're not making big media buys or other non-personnel expenses. 125k salary ends up being about 250k once all other direct and indirect costs are factored in.

elithrar 12y ago
> 125k salary ends up being about 250k once all other direct and indirect costs are factored in. I find an additional $125k to be a stretch, but I also have no data to back this up. I'd be curious to see the breakdown for this: $125k + some share of insurances, office spare per square meter, equipment, training, social events, etc - what else?
- gdilla 12y ago
  social security /FICA taxes from the employer, retirement benefit contributions, other benefits, and basically the entire cost of your HR deptartment and possibly other cost centers. Overhead rate goes down if you hire more peeps.
- bmm6o 12y ago
  That's the standard rule of thumb, that your cost to your employer is roughly double your salary. Of course it depends on tax rates, insurance rates, quality of benefits, etc. But if you are just estimating for a company you don't have much knowledge about there isn't a much better number to use.

presty 12y ago

as namenotrequired said, the latest round was very recent but their team page does lists 77 people https://www.quora.com/about/team https://www.quora.com/about/team