Thread: JollaMobile : Jolla continues Nokia's excellent work on #MeeGo based smartphones
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mahead is offline mahead
2012-07-09 , 10:50
Posts: 12 | Thanked: 20 times | Joined on Jul 2010
#256
Originally Posted by OVK View Post
-They have about 50 workers at the moment
[...]

-50 (probably highly paid since they work in Finland...) engineers on company means that they must have some serious financial backing alreary. They must be already burning a couple of million euros yearly on salaries only. This is not a small startup.
I agree. With some assumptions:
- there were five person first, now 50, so in average 27 all the time
- average salary is 40000 e per year, so 30000 e in 9 months
- employer payments are in total 1,5 x salary

it will result 27 x 30000 e x 1,5 = 1250000 e.

So, without selling anything they already used over million euros, and if they don't get the phone to the stores this year, the bill will double So, indeed, not a small start-up (at least in Finnish scale).

(I wrote this with my N9 and it wasn't very funny experience. I hope the formating didn't f*ck up.)