Do the math. The company has 9 high tech employees in one of the most expensive cities to live in in the world. An employee earning $100K per year would cost the business approximately $150K per year taxes and benefits. Some will make more, some will make less.
That comes to $1.8 million annually. The company revenues are about half that. Now add in the overhead of actually operating the company. If you're not selling shares how are you funding the company?
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