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This really depends on where you live. if you are in a poor country with a decent amount of good developers, 100k can buy you 4-5 programmers for a year or 2 really good ones for year and a half or two.

But yeah, 50% for 100k is a really bad idea.

Two? It won't even get you one depends on geographical locations.

$90k is an "average" developer in the US (not the Valley, the US: you can easily make that here in St Louis where I am.)

A multiplier of 1.5 - 2.0 is common when you bill out, to account for offices, chairs, electricity, health insurance, etc. And it isn't just software, actually it is often higher in other fields: an auto mechanic might make $25/hour and be billed out at $75/hour.

So $100k will get you ONE run-of-the-mill Java programmer for 6-9 months tops.

This accelerator is just looking for idiots.

http://money.usnews.com/careers/best-jobs/software-developer...

You won't even get one in chicago for that