Live data from Hacker News

Payroll startup Gusto raises $200M

techcrunch.com

101–110 of 159 posts

Re: Payroll startup Gusto raises $200M

#101
This is an aside, but can we define what a "startup" is? To me, if you have a repeatable business model and have scaled it to thousands of customers, you're no longer a startup.

Is the convention that if you take private investment, then you are a startup?

Re: Payroll startup Gusto raises $200M

#102

Earlier quoted context omitted.

>That's one big reason I wanna leave this place and work for a more blue-collar tech place I'm guessing you'll quickly find that a "blue-collar tech place" isn't quite the panacea you expect. There's a reason no one in Silicon Valley pines for traditional corporate culture. Because it sucks really bad. Putting up with some faux-wokeness is a small price to pay to get away from it.

Partially agree. I have no inclination to work for IBM or corporate software. Just wanna work for a startup where I can crack non PC jokes. Where the company hires for competence and not because they wanna show off that they hire 50% women. I think the Valley was like this 10 years ago.

>non PC jokes

Why would you want to do this at work? No well-run place will allow this because it makes for a hostile work environment.

You have roughly 128 hr/week outside of work to do those things

Re: Payroll startup Gusto raises $200M

#103

Earlier quoted context omitted.

One way to think about it is that each employees costs $100k or $200k a year. So for $100M, you can comfortably afford a few hundreds people for a few years with all the office space, benefits and hardware required. A regular small-medium business really, nothing special.

>One way to think about it is that each employees costs $100k or $200k a year. Those are some expensive employees, me and my friends don't cost anywhere remotely near that. I make 34k a year after 13 years on the job. A company doesn't have to hire in one of the highest COL cities in the country.

This argument makes no sense. You making $X/year has no bearing on how another company pays its employees. There are people in Bangladesh making shirts for $5/day so why would I pay you $1000/day to make websites? Well maybe because that's the going rate for the area and you can generally buy higher quality labor with more money...

Re: Payroll startup Gusto raises $200M

#104

Earlier quoted context omitted.

One way to think about it is that each employees costs $100k or $200k a year. So for $100M, you can comfortably afford a few hundreds people for a few years with all the office space, benefits and hardware required. A regular small-medium business really, nothing special.

>One way to think about it is that each employees costs $100k or $200k a year. Those are some expensive employees, me and my friends don't cost anywhere remotely near that. I make 34k a year after 13 years on the job. A company doesn't have to hire in one of the highest COL cities in the country.

You're a software dev with 13 years experience and make $20/hour?

You've been significantly undervaluing yourself for a long time

Re: Payroll startup Gusto raises $200M

#105

I’m happy for them, seemed like an interesting company. Personally I had a bad experience with them as far as their recruiting went. As a very experienced candidate I was working with a senior recruiter who thought I was perfect for a position, however hearing my compensation requirements said he had to check in and get back to me. I never received a response. Perfectly fine with it not being a good match, but have t…

I've never understood this behaviour. Is it because they don't want to send any official communication stating that they don't want to/cannot match your compensation request? Is it just bad blood? No idea.

Re: Payroll startup Gusto raises $200M

#106
Good for them. Used them for startup a few years ago. Worked really well and super simple to use when all employees were in a single state and we only utilized their payroll services. Once we started venturing into offering health insurance to employees though and our employees spread across multiple states / countries we were not able to customize the plans to our liking (we had some very specific ideas about how we wanted to subsidize insurance) and ended up switching to different provider. We ended up trading the nice Gusto (ZenPayroll) interface for a much more clunky one and most likely a higher premium, but the other provider was able to customize our packages without us having to devote much time to it, which at that point was worth the trade off. I'm sure Gusto has improved hence, and I would likely give them another try today as needed. By the way, for those switching payroll providers, in my experience it is better to do either on a quarter end or year end - while not necessary by any means, it can make it easier to gather all needed documents in case there are tax questions down the road.

Re: Payroll startup Gusto raises $200M

#107

Earlier quoted context omitted.

One way to think about it is that each employees costs $100k or $200k a year. So for $100M, you can comfortably afford a few hundreds people for a few years with all the office space, benefits and hardware required. A regular small-medium business really, nothing special.

>One way to think about it is that each employees costs $100k or $200k a year. Those are some expensive employees, me and my friends don't cost anywhere remotely near that. I make 34k a year after 13 years on the job. A company doesn't have to hire in one of the highest COL cities in the country.

The market's been really good for software engineers in the past 10 years. It's absolutely none of my business, and I don't want to be rude. But I hope you go out and make hay my friend. You could easily be making twice that, even in low CoL states.

Re: Payroll startup Gusto raises $200M

#108

I’m happy for them, seemed like an interesting company. Personally I had a bad experience with them as far as their recruiting went. As a very experienced candidate I was working with a senior recruiter who thought I was perfect for a position, however hearing my compensation requirements said he had to check in and get back to me. I never received a response. Perfectly fine with it not being a good match, but have t…

What's the big deal with no response? it just means no or that things fell between the cracks. Companies get hundreds or sometimes thousands of applications, just assume that the default is no unless they contact you with a yes. It is like in dating app, girls are getting much more yeses from men than vice versa, they can't give attention to any guy saying hi, even to refuse politely, so they just ignore it.

Re: Payroll startup Gusto raises $200M

#110
post #14

I love it when I don't have to think about things, and Gusto combined with Stripe (Atlas and card processing) have made it possible for me to not ever think about a whole lot of things. Now if only there was a company as good as Stripe/Gusto that did accounting+taxes, I'd really be set! I mean, "I give you access to my accounts, (almost) never think about you, and I have a proper set of books and my taxes are fully d…

Pilot.com founder here. This is exactly the startup that we're working on! We have 500+ customers including 100+ YC companies and fully take care of bookkeeping + taxes. Feel free to drop me a note at jeff@pilot.com if I can help.

Do you offer that for freelancers?
Post reply on HN