How much does it cost to start and build a team in different European cities? It should be an easy question to answer. Of course, it really isn’t.
We don’t have a perfect answer, but to help we’ve put together an illustrative org chart for a Series A stage software-as-a-service (SaaS) company. No two teams are the same, but we think it provides a reasonable benchmark on what a team might look like for this type of business at that stage.
We then enriched our ‘dream team’ dataset with data from Aon's rewards data (covering base salary and actual incentives) and CBRE’s dataset on the prime rent cost of office space. We then built this out to give cost benchmarks for ten key European tech hubs, as well as providing a comparison with the equivalent cost to build the team from the Bay Area.
No methodology is ever perfect, but this should help founders (and others) to understand what it costs to set up and build in different European tech hubs.