Groq, a Stealthy Startup Founded by Google’s TPU Team, Is Raising $60M

Re:Groq, a Stealthy Startup Founded by Google’s TPU Team, Is... by shard on Friday September 07, 2018 @03:14AM (#17932423)

Remember, the cost to the employer is roughly double the employee's salary, therefore the $250,000 per annum cost means the employee salary is $125,000 per annum. Not exactly top dollar.

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Re:Groq, a Stealthy Startup Founded by Google’s TPU Team, Is... by rhymenoceros on Friday September 07, 2018 @05:24AM (#17932925)

Where did you get an 100% overhead for an employer?

I've done back-of-the-envelope estimates before and have come nowhere near that. At best, it's somewhere between 15-25% depending on employer 401(k)/etc matching, deferred comp, and office space pricing.

The worst I could find is 40% - http://web.mit.edu/e-club/hadzima/how-much-does-an-employee-... - and that uses a much different cost basis (not $125k).

Where in the world did you come up with that number?

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Re:Groq, a Stealthy Startup Founded by Google’s TPU Team, Is... by shard on Friday September 07, 2018 @08:13PM (#17938631)

Sure, everyone has a different number. For example, in the article you linked to, there is this metric: "the fully functioning managed employee costs about 2.7 times the base salary".

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Re:Groq, a Stealthy Startup Founded by Google’s TPU Team, Is... by vonmoltke on Friday September 07, 2018 @10:20AM (#17934399)

The person I was replying to specifically said "pay to an engineer". That is not the fully-loaded cost.

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Re:Groq, a Stealthy Startup Founded by Google’s TPU Team, Is... by shard on Friday September 07, 2018 @08:15PM (#17938637)

The person he was replying to was talking about cost to design the chip, which would imply employer costs. The error has to stop somewhere.

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