Re:Ask HN: Why is it difficult to achieve a FAANG-level sala...
by lokifancio on Thursday November 07, 2019 @04:33PM
(#21477538)
It is hard for me to imagine how ten engineers would easily get a new venture to $3M yearly revenue within a short timespan.
[ Parent
| on HN ]
Re:Ask HN: Why is it difficult to achieve a FAANG-level sala...
by anigbrowl on Saturday November 09, 2019 @05:05PM
(#21494727)
That would be a very lucky outcome, I agree. But it's not so hard to imagine that 10 engineers could produce something that looked impressive enough to investors to throw $25 million at the idea and tell them to pay themselves $3m a year and hire 20 more at a somewhat lesser sum, in the expectation that they would be very profitable a few years later.
Re:Ask HN: Why is it difficult to achieve a FAANG-level sala...
by CoffeePython on Friday November 08, 2019 @12:24PM
(#21484438)
Even with one of the most common software businesses, software consulting, you could reach this amount with 10 people in a fairly straightforward fashion.
10 software engineers at say a salary of $100,000 a year. Consulting rate at 3x would be $3M a year.