[drexlspivey]

“ In March 2022, OpenSea saw revenues of $61.33 million; in March 2023, it had revenues of $172.33k. The drop represented a whopping 99.72% fall. The platform's fees have also fallen from $193.94 million in March 2022 to $1.41 million in March 2023.”

That’s OpenSea, no 11 on the list making $1.4m of monthly revenue and paying SWEs 430k salary

[codegeek]

Also clubhouse. Is it still alive ?

[deminature]

Even if it is, the stock is forever illiquid and that comp beyond base salary is a mirage.

[DeIlliad]

OpenSea still being a thing is insane to me.

[ldjkfkdsjnv]

Talk about an absolute squandering of capital.

[Schnitz]

This is total comp so probably an inflated value given that opensea equity is most likely worth zero?

[altdataseller]

This is why total comp is so flawed, especially if it's a private company. Equity can be a $0. Should have options to see only salaries

[welder]

Equity can even be negative, when considering tax.

[brandall10]

Dotcom era was a great time of putting engineers on a multi-year payment plan with the IRS... had a friend end up owing $200k after losing what at the peak was $5M in paper wealth.

[acchow]

For a marketplace that takes a cut of transaction, why is revenue != fees?

[notatoad]

i'm assuming they pay you in NFTs, not cash?

[drexlspivey]

There won't be enough left for the second guy