>I don't know what I'm missing and what the overheads are but that seems like it should be able to support a fair number of writers easily?
At the current rate, it could have like 50 full time + part-time writers on staff (let's say 90K * 50 = 4.5M - might seem low for Silicon Valley, but professional journalists and writers would jump with joy for such a gig), plus dozens of office staff (say another 2M), plus fund 24 (2 per issue) year-long big stories with like up to 100K per story (2.5M). That would be like ~10M. They could pay rent, utilities, taxes, and other expenses with the rest of 36M (or even go remote, and save even more).
At the current rate, it could have like 50 full time + part-time writers on staff (let's say 90K * 50 = 4.5M - might seem low for Silicon Valley, but professional journalists and writers would jump with joy for such a gig), plus dozens of office staff (say another 2M), plus fund 24 (2 per issue) year-long big stories with like up to 100K per story (2.5M). That would be like ~10M. They could pay rent, utilities, taxes, and other expenses with the rest of 36M (or even go remote, and save even more).