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Applies to my company (GrantTree), huh. However I know that one of our competitors had 7 employees in their first year and, because they mistakenly published t
by swombat 12y ago
Applies to my company (GrantTree), huh.
However I know that one of our competitors had 7 employees in their first year and, because they mistakenly published their full accounts, I also know they made just £80k of revenue that year.
So it doesn't necessarily apply to all companies.
- nemanja 12y agoNote that writeup caveats that the rule of thumb generally works for SaaS companies with $1mm+ in annual recurring revenue (ARR).