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The uBeam FAQ
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sdpkom:
They raised $15m-$25m in the beginning of 2018, so 18 months now.
25 people on Linkedin seem to actually get paid by the company (live nearby, are not known to have been fired from the CEO position, not investors).
Assume an average cost (e.g. salary, rent, travel, everything) of $200-250K/year/employee (it's usually higher but they don't seem to be doing much, so probably on the low cost side), and get a yearly burn rate of $5-6m/year.

They used to have a bit more manpower, and used to seem to do more, so they probably burned $10m until now.
Which gives them 1 year's worth of money in the bank.

In the race between uBeam and Energous to be the first to run out of cash.... currently, I think, Energous has the lead, but it's a close call.
Go Energous go!.

Cerebus:

--- Quote from: sdpkom on June 05, 2019, 02:34:08 pm ---Assume an average cost (e.g. salary, rent, travel, everything) of $200-250K/year/employee (it's usually higher but they don't seem to be doing much, so probably on the low cost side), and get a yearly burn rate of $5-6m/year.

--- End quote ---

A boss of mine, many years ago, offered me the rule of thumb that you should take someone's salary and triple it to get the complete cost of employing someone including desk, heat, lighting, office rent, taxes, benefits, back office costs etc. etc. Over the years I've found the rule holds pretty well for any office based occupation be it clerk, developer, salesman, engineer, whatever. Doesn't work for factory jobs, builders, groundskeepers or anybody who "actually works for a living".
coppice:

--- Quote from: Cerebus on June 05, 2019, 02:58:34 pm ---
--- Quote from: sdpkom on June 05, 2019, 02:34:08 pm ---Assume an average cost (e.g. salary, rent, travel, everything) of $200-250K/year/employee (it's usually higher but they don't seem to be doing much, so probably on the low cost side), and get a yearly burn rate of $5-6m/year.

--- End quote ---

A boss of mine, many years ago, offered me the rule of thumb that you should take someone's salary and triple it to get the complete cost of employing someone including desk, heat, lighting, office rent, taxes, benefits, back office costs etc. etc. Over the years I've found the rule holds pretty well for any office based occupation be it clerk, developer, salesman, engineer, whatever. Doesn't work for factory jobs, builders, groundskeepers or anybody who "actually works for a living".

--- End quote ---
The correct multiplier depends a lot on where you are, but for any one area there is usually a multiplier that works pretty well for most jobs in that area.
StillTrying:

--- Quote from: StillTrying on May 28, 2019, 12:28:32 am ---Have they closed down yet.  :horse:
--- End quote ---

Looks like they might be getting there. :horse:
twitter.com/LiesNStartupPR/status/1138767299387842561
PaulReynolds:
It does seem they've laid off around half the staff. Some thoughts on this, and another uBeam anecdote, here:

https://liesandstartuppr.blogspot.com/2019/06/ubeam-lay-off-around-half-of-employees.html

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