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DWqRdped
on March 10, 2023
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30% of YC companies exposed through SVB can’t make...
Founders lie on those surveys. I bet its closer to 50% who can't make payroll for a month if they only have access to 250k
Turing_Machine
on March 10, 2023
[–]
At the median Silicon Valley engineering wage, $250k would be enough to pay about 100 engineers for one week, or 25 engineers for a month.
Yeah, $250K isn't going to go very far.
kragen
on March 10, 2023
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parent
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most california companies issue paychecks every two weeks
Turing_Machine
on March 10, 2023
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root
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parent
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Okay, then. 50 engineers for two weeks. I'm not sure why that matters?
kragen
on March 10, 2023
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root
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enormously more companies have 50 employees or more than have 100 employees or more
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