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It seems unusual for a nonprofit to be able to offer what appear to be market-rate salaries for technical positions. Wonder how they do it. Couldn't find much
by jawns 8y ago
It seems unusual for a nonprofit to be able to offer what appear to be market-rate salaries for technical positions. Wonder how they do it. Couldn't find much info on the site about where, exactly, their funding comes from.
I looked at their 2016 Form 990 (most recent available on Guidestar) and it looks like vast majority of funding is from contributions and grants, and revenue exceeds expenses, so that's a good sign.
- ottumm 8y agoHi, I'm an engineer at Thorn. You're right, it is unusual. It's also a big part of our strategy to attract, and keep, top talent. And that goes for talent across the organization: our fundraising, our marketing, our product managers, and our engineers. We're lucky to have such an amazing team, and a fundraising strategy that attracts brilliant investors and donors alike to fund the technology that we need to move the needle on this issue.
- Quarrelsome 8y ago> You're right, it is unusual. But its also exceptionally sensible. Its one of those costs that look bad on the book at first but pay for themselves over the long haul by a considerable distance.
- marmaduke 8y agoIs the US/Canada restriction on remote for financial or time zone reasons (or both?)?
- bmelton 8y agoWorth noting that Ashton Kutcher is one of Thorn's co-founders, provided some initial funding, and is likely in a great position to fund-raise for it outside (and within) the usual channels.