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A comment on “$20k per month is a paltry amount of revenue” – a guy on Hacker News.

Re:“$20k per month is a paltry amount of revenue” – a guy on... by rdtwo on Wednesday November 18, 2020 @09:02PM (#25145387)
I mean he’s not wrong 240k annually is enough to pay 1-2 developers after other costs. And that’s assuming 50% profit. So yes it is
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Re:“$20k per month is a paltry amount of revenue” – a guy on... by hedora on Wednesday November 18, 2020 @11:53PM (#25146362)
What?

50% implies 120K profit for the owner (pre tax)

That leaves 60k per developer. The standard rule of thumb is that an employee costs their salary in overhead and payroll tax, so, that’s 30K per year per developer, assuming the business has zero operational overhead.

240K for a one person company? Sure.

One with 2 additional employees expecting tech wages? Probably not.

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Re:“$20k per month is a paltry amount of revenue” – a guy on... by rdtwo on Thursday November 19, 2020 @10:46AM (#25150648)
Agree with that math. 1 is realistic 2 Is a stretch but might be realistic in a developing country
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