Originally Posted by
Raxel
I meant 100K, not 10K. 10K/year is way below the minimum wage of most first world countries.
As of 2017, the average wage for Canadian employees was $51K a year. I think seasoned professional will cost much more than that. My calculation is still valid.
Well, the 10k-claim/assumption came from you... Let's take the 51k then: For at least 2 of the 3,5 years he did not have employees as far as I know. Probably he did not pay himself a wage. I do not know how big his team is and how it grew. Let's assume your 6 people as current and possibly less before the actual "completing the bikes" phase started - 2 people? Maybe one of the backers can help out with the correct numbers. Assuming your average wages to make it easier: 1,5 years * 2 people * 51.000 $ + 0,25 years* 4 people* 51.000 $ = 175.000$. Maybe a specialist may cost more than 51k, a shop hand on the other hand may cost less. Plus in a startup typically there are lower wages than average. So you would overall be still at far less than 10% in wages of the money he collected, even based on your "average wages". If I remember correctly the topic already came up in this thread sometime somewhere and was possibly discussed more or less in depth.
Even 6 people at 51k$ each for 3,5 years would equal 6*3,5*51.000$ = 1.070.000$ - about half of what he got in backings and definitvely far more people in your assumption than he employed in reality.
Fascinating how you still believe the whole thing would be a scam though the bikes get actually delivered right now... Your calculation is btw. based on wild assumptions wich I would not dare to call "valid". And I would neither give a damn about them as reality seems to prove that they are wrong and - far more important - irrelevant as reality has overtaken you by miles.