Re:Magic Leap has apparently raised another $350M
by scarface74 on Thursday May 21, 2020 @08:31PM
(#23267383)
I mean that’s simple math. But $100K won’t pay the fully allocated cost of one senior developer for a year in a medium COL area.
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Re:Magic Leap has apparently raised another $350M
by billme on Friday May 22, 2020 @03:22AM
(#23269491)
what exactly is a startup to you?
(Assure you a $100k to a startup is not the same as $100k to Google.)
Re:Magic Leap has apparently raised another $350M
by scarface74 on Friday May 22, 2020 @04:48AM
(#23269940)
Whatever $100K is to someone, I know that what I said about salary is true. I’ve worked for small VC back companies with less than $10 million in revenue. $100K wouldn’t have made a difference either way.
Re:Magic Leap has apparently raised another $350M
by billme on Friday May 22, 2020 @05:18AM
(#23270115)
Here’s small scale examples of $100k making a massive difference:
https://www.businessinsider.com/where-are-they-now-peter-thi...
That said, $100k is not a salary and if someone needs $100k+ salary to do a startup for a year, startups are the wrong choice.
Re:Magic Leap has apparently raised another $350M
by scarface74 on Friday May 22, 2020 @08:29AM
(#23271351)
Yes. That’s fine if you’re not adulting - with kids, bills, the need to pay health insurance etc.
If I were under 26, no responsibilities and could get on my parents insurance sure.
Re:Magic Leap has apparently raised another $350M
by billme on Friday May 22, 2020 @09:01AM
(#23271546)
This has nothing to do with age, being an adult, being in US, etc.; sure, you have a set of assumptions, but they apply at best to you, not the world.
Re:Magic Leap has apparently raised another $350M
by mdonahoe on Friday May 22, 2020 @10:18AM
(#23272309)
“Peter Thiel launched a program that awards $100,000 to promising young entrepreneurs who are willing to drop out of college”
Your example explicitly mentions age as one of the requirements.
Re:Magic Leap has apparently raised another $350M
by keeganpoppen on Thursday May 21, 2020 @09:46PM
(#23267881)
which is not the kind of thing startups of that size worry about... yc gives $150k...
Re:Magic Leap has apparently raised another $350M
by scarface74 on Thursday May 21, 2020 @10:32PM
(#23268154)
I don’t think the money is that relevant when it’s that small. It’s more about the connections. Or is that what you were saying?