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by tpmoney
167 days ago
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Let's say you're paying your devs $100k / year. All in costs on those devs are probably $150k or so. That means your $1m / year will fund 6 full time developers with a little left over. This podcast from the CEO[1] says their engineering team was 4 people and the remaining staff is the 3 owners, the 1 remaining engineer, and one part time customer support person. So assuming every full time person was costing $150k in salary and other costs, you're already over $1m / year before you pay for any other expenses. $1M / year is a lot of runway when it's just you. It's a lot less runway once you're paying other people's livelihoods too. [1]: https://adams-morning-walk.transistor.fm/episodes/we-had-six... |
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