Yeah I don't disagree that it's not nearly enough for 300 workers. I just think that they totally have a legitimate business model to make Real Money. And my whole calculus was based on just the first thousand patrons, but I think there's a very long tail here.

I think they make more than that. A TC article last year projected $50M in 2019. It also said they were not profitable.

Even then that doesn’t exactly cover salary and benefits for 300 employees in SF, let alone everything else.

Wait, how does $50M not cover 300 employees? Is fully loaded cost of employees (I imagine most of those 300 are _not_ super high level engineers, but things like CS and admin) in SF really above $160k/employee?

Salary + benefits + bonus + stock.

Health insurance is expensive. Don’t think many realize how much it costs employers.

Then obviously rent is the other big expense. And cloud computing.