5 ms·

we were not. all of us made exactly the same amount, and it was well under market rate

• nightpool 2y ago
  (Roughly $94k annually per employee as detailed in the 2023 financial update—low for Silicon Valley but high for co-ops / small community sites / "small tech")
  • tptacek 2y ago
    That's the fully loaded cost, right, not the comp number?
    • nightpool 2y ago
      I think that's the pretax salary number? (they said "pay", and it was CoL adjusted from their starting $80k target salary in ~2021). They estimated their fully loaded cost in the same update as around $108k per employee (gave total payroll expenses as $36k monthly for four full-time employees). They said in a different update they were using a QSEHRA, which seems to have a cap of $11k per employee, so presumably that covers most of the difference? But maybe I'm just interpreting that completely wrong. I remember they posted about their healthcare coverage woes at one point but I don't remember the details. That all being said, I don't think this is a huge indictment of Cohost—they had a solid 4 years, and in all likelihood they'd have had to close up sooner if their personal financial situations were more precarious. But a situation where making less than $94k is "precarious" is a very tough one to be trying to starta new social media company in.