Thanks for elaborating. I can see this making sense for a large Goog-esque type company with plush benefits.

But for a Series A startup "administrative staff, facilities people, security, office space, gym, various other insurances, transit reimbursement, educational opportunities" should be just "office space". 401k matching should also be 0, and probably dental too.

So I'm still not seeing anywhere close to 200k/employee for a startup.