It's not entirely clear to me that the company is actually going bankrupt. The author of the article seems to imply it, but obviously he's never seen the company's financials.
Still, with 11 employees as of July 2012[1] (and fewer now), even assuming $200k/year salaries, that barely puts a dent into the $22M they made this year. They make an iPhone app, so I can't imagine them having many expenses besides people. The math doesn't really add up to me.
Still, with 11 employees as of July 2012[1] (and fewer now), even assuming $200k/year salaries, that barely puts a dent into the $22M they made this year. They make an iPhone app, so I can't imagine them having many expenses besides people. The math doesn't really add up to me.
[1] http://www.inc.com/30under30/nicole-carter/lucas-buick-ryan-...