Steemit Inc Had A Layoff of 70% of Staff Due To Lack of Funds - How Should They Raise More Money?

Asked by vimukthi
View in Steemit

According to @ned infrastructure costs are at about 2 million USD per year which means 6.25 million STEEM at current prices. A good developer could easily cost $200,000 per year. 10 million STEEM per year would actually be a low estimate IMHO. So what should they do to raise money?

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