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Fun fact: LetsEncrypt cost $3.6M to operate in 2019.
by CKN23-ARIN 7y ago
Fun fact: LetsEncrypt cost $3.6M to operate in 2019.
- cpach 7y agoIMO that’s a very modest sum considering what it does. LE scales extremely well.
- PedroBatista 7y agoMy question is: who pays for the whole party and more importantly will they continue to pay?
- cpach 7y agoYou can find that info here: https://letsencrypt.org/sponsors/ https://letsencrypt.org/sponsors/ Why wouldn’t they continue to pay? Hint: Presumably the sponsors feel that they get something more than only goodwill for their donations.
- klohto 7y agoJust a rough estimate: 7x Platinum $350k/y = 2,450M 2x Gold $150k/y = 300k 73x Silver $40k/y (vary depending on # of employees) = 2,920M In total, LE receives over $5.5M a year. I think they are covered
- jaas 7y agoThis math is off because the vast majority of Silver sponsors are at $10k, and some of the sponsors at all levels are in-kind, meaning we get something other than cash from them. In 2019 we spent $3.35M in cash (we came in a little under our projected budget of $3.6M). We raised $3.82M in cash between sponsors, grants, and individual giving.
- dlgeek 7y ago(For those who aren't aware, parent is the executive director of LE).
- klohto 7y agoWell I did say it’s rough, I wasn’t claiming to know your finances, I also couldn’t know the amount from donations :)
- CKN23-ARIN 7y agoThanks for the $3.35M/$3.82M figures -- is this published officially anywhere? $3.6M was the latest figure I was able to find on your website: https://letsencrypt.org/2018/12/31/looking-forward-to-2019.html https://letsencrypt.org/2018/12/31/looking-forward-to-2019.h... The philanthropy-based funding model, coupled with the fact that this is now load-bearing Internet infrastructure, still makes me quite nervous, but I'm glad that you're able to sock away ~$500k for a rainy day.