Time tracking app Mite reveals numbers for first 20 months
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Re: Time tracking app Mite reveals numbers for first 20 months
#2great to see some real numbers behind a startup!
Re: Time tracking app Mite reveals numbers for first 20 months
#3Can someone from the Mite explain what are the factors involved for varying the expenses?
Re: Time tracking app Mite reveals numbers for first 20 months
#4Can someone from the Mite explain what are the factors involved for varying the expenses?
Yes, of course: the biggest factor are our salaries – we're raising them steadily as we're making more money. The second (minor) factor is that some costs are rising depending on the number of customers/users, such as payment or server costs.
Re: Time tracking app Mite reveals numbers for first 20 months
#5Can someone from the Mite explain what are the factors involved for varying the expenses?
Yes, of course: the biggest factor are our salaries – we're raising them steadily as we're making more money. The second (minor) factor is that some costs are rising depending on the number of customers/users, such as payment or server costs.
Did you start with Ramen salaries and are working up to hamburger? Or did you start with hamburger and working up to steak? It's none of my business of course, I'm just always curious where one puts the line between a reasonable salary and something gratuitous.
Re: Time tracking app Mite reveals numbers for first 20 months
#6Earlier quoted context omitted.
Yes, of course: the biggest factor are our salaries – we're raising them steadily as we're making more money. The second (minor) factor is that some costs are rising depending on the number of customers/users, such as payment or server costs.
Did you start with Ramen salaries and are working up to hamburger? Or did you start with hamburger and working up to steak? It's none of my business of course, I'm just always curious where one puts the line between a reasonable salary and something gratuitous.
Actually, I just read the article. I'm guessing you guys aren't to Lobster yet, so it probably doesn't matter at this point.
That said, I really really really like the design of the site. Insanely so. The home page is sublime, and the 'Tour' page is near perfection. Grats and good luck.
Re: Time tracking app Mite reveals numbers for first 20 months
#7Earlier quoted context omitted.
Yes, of course: the biggest factor are our salaries – we're raising them steadily as we're making more money. The second (minor) factor is that some costs are rising depending on the number of customers/users, such as payment or server costs.
Did you start with Ramen salaries and are working up to hamburger? Or did you start with hamburger and working up to steak? It's none of my business of course, I'm just always curious where one puts the line between a reasonable salary and something gratuitous.
Hamburger, I assume ;)
We started with monthly €1,300/founder. Today, we're paying us €2.500/founder.
Re: Time tracking app Mite reveals numbers for first 20 months
#8So, they can't live from its profit yet. :(
Re: Time tracking app Mite reveals numbers for first 20 months
#9So, they can't live from its profit yet. :(
Why yes, we can, from the very beginning. The expenses do include our salaries.
Re: Time tracking app Mite reveals numbers for first 20 months
#10Earlier quoted context omitted.
Did you start with Ramen salaries and are working up to hamburger? Or did you start with hamburger and working up to steak? It's none of my business of course, I'm just always curious where one puts the line between a reasonable salary and something gratuitous.
Hamburger, I assume ;) We started with monthly €1,300/founder. Today, we're paying us €2.500/founder.
Great work guys! We have started with premium also ( http://smartupz.com ) - but it's a very soft launch. We will go fully to market in about a month. We probably will share some figures after first quarter :)