Fully loaded Silicon Valley headcount costs $10k to $20k monthly per employee
Joseph Walla · EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla · Dec 23, 2016 · at 8:47
Joseph Walla is the co-founder and CEO of HelloSign. When asked about monthly payroll and operational expenses, he shares the standard budgeting heuristic for Bay Area tech startups.
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“Generally what you do is as like a rule of thumb, you calculate, you know, 10 to 20 K per person per month, and that's like a fully loaded cost. And so that includes people's salaries you know, health insurance, office costs, snacks, you know, software everything.”
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More from Joseph Walla
Raising massive venture rounds often forces startups into damaging cutbacks
“What happens a lot with a lot of startup companies, they raise huge amounts of money, they make big mistakes, and then they pull back dramatically, which is really damaging for the company.”
HelloSign has reached 47,000 monthly paying customers
“We've around 47,000 paying customers. So that's the customers that pay us every month.”
HelloSign has 5 to 6 million registered users across its products
“In terms of our user base, we have, you know, five to six million users across our products.”
HelloSign generates more than $600,000 in monthly recurring revenue
“We're definitely doing more than that.”
Founders gain little upside from publicly sharing core startup metrics
“Yeah, I think that there isn't a lot of upside in sharing really core metrics publicly. I think there are a couple of metrics that we talk about sharing with the public, but I think apart from that, it doesn't make a lot of sense.”
Aspiring tech founders should move to Silicon Valley without waiting for jobs
“Like, don't wait for a job. Don't, you know, don't make it too complicated. Just come out, figure out a play to stay with inexpensively. Talk to a lot of people, go to a lot of conferences and then figure it out. I think that there's a way to make it too compl…”