> 1. Raised $2.9m, 4 employees, 5 years. Let's say 2/3 of overhead was salary, w... | Hacker News

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		brotherjerky on May 12, 2018 \| parent \| context \| favorite \| on: Fieldbook is shutting down > 1. Raised $2.9m, 4 employees, 5 years. Let's say 2/3 of overhead was salary, which seems reasonable. So that's 500k each, or 100k/yr. This seems excessive? Were the founders paying themselves too much? Or where did the money go? This comment is so naive that I don't know where to begin. You can't hire any quality people at $100k / yr fully loaded in SF Bay area.

venantius on May 12, 2018 [–]

For a seed stage company, 100k is not at all unreasonable. Extremely early employees get hefty stock grants to compensate for this.

user5994461 on May 12, 2018 | | [–]

That's looking for a co-founder or unpaid labor, not an employee.

RikNieu on May 12, 2018 | | [–]

Out of interest - what is considered a hefty stock grant?

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