4 ms·
$6m is not a lot of money. It's big for the average series A for YC, and $6m is a 4 year runway for a 30 person team if they don't blow it on a fancy office. Hi
by swartkrans 12y ago
$6m is not a lot of money. It's big for the average series A for YC, and $6m is a 4 year runway for a 30 person team if they don't blow it on a fancy office. High quality traffic + a job board. The $22m valuation seems high though when you think about what they think that company will be worth.
- jschuur 12y ago30 people for 4 years seems far more than PH should need for even for even ambitious expansion plans. When you consider the highly concentrated audience of product development users of the site, the valuation makes sense.
- GamblersFallacy 12y agoRepeat traffic demographics is destiny.
- wslh 12y agoHow did you calculate that?
- ibdknox 12y agoI'm not sure where $6M would carry a team of 30 for 4 years, but it certainly isn't in any of the tech hubs. Total cost for an employee around SF is between $150-180k (office, taxes, benefits, etc). For the sake of being generous, let's say we're in Seattle and it's 120k: 120,000 * 30 * 4 = $14.4M Even at 60k total cost you break 6M in 4 years: 60,000 * 30 * 4 = $7.2M > It's big for the average series A for YC That's not true, it would be huge for a Seed, but that's a fairly middle of the road series A. Big would be in the 10M+ range.
- korzun 12y ago> $6m is not a lot of money It's a shit load of money that tons of companies would kill for. You are living in a fantasy land.