Comments on: YouSendIt Bigger Than We Thought

By: YouSendIt – Bigger than Many Think «

YouSendIt – Bigger than Many Think « — Thu, 08 Jul 2010 21:26:16 +0000

[...] – Bigger than Many Think By YouSendIt Liz Gannes over at GigaOM was on the phone with Ivan Koon, our CEO to review recent funding, the size of our user base and [...]

By: ken

ken — Fri, 17 Jul 2009 07:31:07 +0000

FilePost can send up to 250m file, and has much functional feature and easy to use.
http://file-post.net/

By: Adam Block

Adam Block — Mon, 27 Nov 2006 23:42:04 +0000

Yeah, you need to check your math. Minimum wage is $5.75/hr (they're in MV, not SF), which @ 2080 hours per year is $514k. But we typically estimate a fully burdened average salary for startups to be $120k per person per year, or $5.16M.

However, I do agree that 43 people sounds like a lot, though offshore development changes the calculation significantly.

By: Jim

Jim — Sun, 26 Nov 2006 19:10:28 +0000

They have a large development center in India which must count in the 43.

By: Arthur Madrid

Arthur Madrid — Fri, 24 Nov 2006 15:42:13 +0000

We will launch http://www.room31.com at the beginning of next year; online storage (1 GB for free) with web-desktop UI.

By: Nick Mazza

Nick Mazza — Thu, 23 Nov 2006 01:45:41 +0000

Why would a company like yousendit need 43 employees? I really think all of these '2.0' companies are spreading their resources too thin while bringing in way too much manpower. I mean, if history tells us anything, its that 2 kids in a garage can do a lot more than a gang of techs with millions in funding.

By: Venkatesh

Venkatesh — Wed, 22 Nov 2006 23:18:42 +0000

James:

I think your calculations w.r.t burn rate is incorrect. Even at 100K/employee/year, would result in a burn rate of 4.3M/year.

By: James Smith

James Smith — Wed, 22 Nov 2006 22:56:35 +0000

Even at minimum wage, YouSendIt's burn rate would be over $10 million/year for 43 employees? With only $1 million in revenue, how will they be able to stay afloat?

If 12K out of 2.5 million accounts are paid, their conversion rate is about 0.5%. This means for 100K weekly signups, they are getting 500 paying customers. Assuming linear growth, they'll be up to 40K paid subscribers by the end of next year, which translate into just $3-4 million in revenue. Still a long way from breaking even given the head count?