967 karma · joined January 14, 2012
They are a belarus company, selling to mostly US companies, so probably pay little sales taxes. other taxes are paid on profit, so explicitly after employee salaries are paid.
Salaries are usually the largest expense in many IT companies. They don't collect monitoring data or otherwise huge ingest of data from users, their server costs are probably low.
Their main channel of acquisition is partners, I believe Basecamp+Asana doen't take money for being on their partners page. Both just link out to the websites of partners without any means of "tracking", so that seems a right assumption.
If renting an office is more expensive than one monthly salary for one employee you have got yourself a palace, or you strategically choose the wrong city like SF or NY.
65% of my costs are salaries in my company. Looking at Buffers transparent cost report they are similar. From my experience talking to other business owners it is about the same, sometimes higher.
Now depending on what profit margin you are targeting, lets say 20% pre-taxes for a bootstrapped business in growth mode (it is "low" because you are re-investing money into the company by hiring people) that leaves 800.000$ * 70% => 560000$ for salaries. More than enough for 7 people.
Not every employee must be a high paid engineer. And there are certainly non SV based engineers that are totally fine with less than 100k $ per year?
Being based in Germany, I calculate around 100k€ revenue per employee myself, maybe a bit more.
Slack came out with a blog post a few month ago, writing that they use the Hack features on top of HHVM. That is the only one besides Facebook that I know of (there are probably more)
Edit: Source for Etsy using PHP 7 now https://speakerdeck.com/wcgallego/hitting-the-turbo-button-u...
edit: just realized this comes across like bikeshedding. I do applaud and like your approach to privacy and its simplicity. It wouldn't decrease the appeal of your app at all to mention that you query the environment canada data, which is probably a public service and will not missue the data itself).
But household income is very tricky to measure and for example its unclear if they include health expenditure in exactly the same way
The simplicity of central platform just has all the users going there, because they don't want to search for hours to find communities to participate in.
infowars is still available at infowars.com, they just can't use the platform and distribution effects of fb, twitter, spotify, etc anymore, so they are precisely back in 1999.
The massive downside for me as EU business:
1. Lost time and money having to migrate. 2. Usually european companies providing the same service are worse, leaving me and my customers worse off.
Not for profit financially just means you cant give profits but have to reinvest it 100%
The Sherman Act also mentions a ceiling of 10 million, 3 years of prison for private persons. And from history we know antitrust authorities broke up companies like AT&T or Standard Oil, which seems to me a much bigger punishment.
Both laws only mention the maximum fine.
Yet you don't see small companies sweating over competition law.
This is a european thing, if any law says $x is the max fine or alike, then for a first time offense you usually get much less.
> 5.2 Scope of Processing. > 5.2.1 Customer’s Instructions. By entering into this Data Processing Amendment, > Customer instructs Google to process Customer Personal Data only in accordance > with applicable law: (a) to provide the Services and related technical support; (b) as > further specified via Customer’s use of the Services (including the Admin Console > and other functionality of the Services) and related technical support; (c) as > documented in the form of the applicable Agreement, including this Data Processing > Amendment; and (d) as further documented in any other written instructions given > by Customer and acknowledged by Google as constituting instructions for purposes > of this Data Processing Amendment.
So no, they probably can't track and feed that into youtube ads, because it is not a cause that provides the service or support.
Afaik Google announced last year that they stopped processing GSuite account emails to a large degree.
As far as deleting old member records and public archives, it depends on what consent members have given before. Membership information, especially receipts for subscription must be kept usually for 10 years for bookkeeping purposes. As for public posts, unless the members withdraw their consent (Excercise Right to be Forgotton) i don't see why. They knew then that the posts are public?
edit: you must formalize this with a privacy policy though, what data you keep, what type of consent (article 6) and for what reason you need it, if you haven't done so yet. Then ask every member for approval of the policy.