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Payroll startup Gusto raises $200M

techcrunch.com

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Re: Payroll startup Gusto raises $200M

#91

Post by notfromhere »

ryanmercer wrote: post #67
user5994461 wrote: post #61

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.

unless you're living in a low cost third world country, 34k after 13 years of experience is depressingly low and you're being grossly underpaid.

Re: Payroll startup Gusto raises $200M

#92

Post by golover721 »

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 the common decency to have some kind of response.

Re: Payroll startup Gusto raises $200M

#93

Post by ankrgyl »

jbarnold wrote: post #52
Meekro wrote: 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.

Pilot is amazing! They have delivered on exactly your quote for us, except that I do often think about how helpful they are :-).

Re: Payroll startup Gusto raises $200M

#94

Post by cosmodisk »

hollerith wrote: post #31
JumpCrisscross wrote: post #27

Earlier quoted context omitted.

> Can we go back to a time where employees aren’t asked to be 100% emotionally attached to their work When was this? Post-War corporations sported a common uniform. Industrial Era culture was demandingly monotonous and before that we’re talking about guilds and their customs. Broadly speaking, there are benefits at multiple levels to having a cohesive company culture (including eclectic traditions). We’re just seeing…

When I was a kid in the early 1970s, my dad took my brother and me to his workplace sometimes on Saturdays. There I interacted with machinists, electronics techs and at least one engineer. Also my dad was an engineering manager. It was definitely common and acceptable for the machinists, techs, engineers and manager to say that they would rather be doing something else than working or that they would rather have a jo…

For most of the time I really do love my job but even in the senior management meetings I'm very open about the fact that I'd drop it all at once and would do something completely different if there was no need to earn for living. Everyone is cool about it because the head of sales would rather play golf,one CEO would probably spend even more time traveling the world while the other would probably spend even more time playing FPS. Maybe I just happen to work where people don't drink their own kool-aid..

Re: Payroll startup Gusto raises $200M

#95

Post by ryacko »

user5994461 wrote: post #87
ryanmercer wrote: post #79

Earlier quoted context omitted.

My 34k salary does not cost my company 200k, I don't know what benefits you get but for me to cost my company that they'd have to feed me multiple times every day (worth pointing out here, most companies do not provide ANY food or drink outside of tap water) and give me a phone and a car and a bonus or four and I probably still wouldn't get close to costing them 100k. Most people don't make 100k, or anything close to…

Worth noting that just like you pay 30% of your salary into rent, the company also pays a two digits percentage of your salary into office space. So when management says the overhead is only 1.25, they clearly missed out on a lot of things.

Just how large is your cubicle and expensive is your office equipment?

Re: Payroll startup Gusto raises $200M

#96

Post by tyre »

tuxxy wrote: post #77
paulddraper wrote: post #71

Earlier quoted context omitted.

Dirty? How are the streets so dirty you can't wear shoes inside commercial building?

They're not. People in SF act like SF streets are literally shit stained all over. In all likelihood, it's probably pretty comfortable to not wear shoes in an office haha.

I'm not sure if you're in SF or, if so, where you live/work but having lived in SOMA and the Mission, I regularly see people peeing and defecating on the street. Happened last week on the same block as Tartine, so this isn't some "bad part of town" thing either. Whole blocks regularly smell like urine. Actually this happened yesterday, I was walking right near the Asian Art Museum.

SF is not a clean city. Streets don't have to be 100% shit stained to think that maybe taking off your shoes before coming into the office is a not-so-bad idea.

Re: Payroll startup Gusto raises $200M

#97

Post by freedomben »

jbarnold wrote: post #52
Meekro wrote: 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 have a cheaper tier for people that are sole-proprietors or have only a handful of transactions a month?

Re: Payroll startup Gusto raises $200M

#98

Post by Sodman »

tempsy wrote: post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

I'm fine with this as long as they're clear about it up-front.

If every employee is emotionally invested in the company you can imagine that they don't want to hire new folks that aren't - there would be huge culture clashes. Some people live to work, even if it's not for their own company. Why not let them all work with each other?

I've found it's only a problem when companies promise "Work-life balance is a priority" then on the first day you notice everyone's there at 8pm. At least if they're up-front about it you know what you're getting in to and can adjust expectations in terms of both time commitment and salary accordingly.

Re: Payroll startup Gusto raises $200M

#99

Post by spookthesunset »

ryanmercer wrote: post #89
ryanmercer wrote: post #79

Earlier quoted context omitted.

My 34k salary does not cost my company 200k, I don't know what benefits you get but for me to cost my company that they'd have to feed me multiple times every day (worth pointing out here, most companies do not provide ANY food or drink outside of tap water) and give me a phone and a car and a bonus or four and I probably still wouldn't get close to costing them 100k. Most people don't make 100k, or anything close to…

To -user5994461-, I can't reply directly to you but: Commercial real estate is pretty cheap in most of the country, we have 3 shifts in my building and are open almost 6 days a week, sharing desks with another shift, my company isn't paying thousands of dollars per person per year for this building. Not every place is the bay area with insanely expensive rent and insanely expensive cost of living. I've still seen exa…

What the heck are you doing where you are making 34k a year after being at a place for 13 years?

Re: Payroll startup Gusto raises $200M

#100

Post by jbarnold »

freedomben wrote: post #97
jbarnold wrote: post #52

Earlier quoted context omitted.

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 have a cheaper tier for people that are sole-proprietors or have only a handful of transactions a month?

Today our lowest cost tier is $195/mo. Hopefully in the future we will have an even lower cost option.
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