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To put in perspective, Shopify has a market cap of 41B. This is 0.00002 of that. The average net worth of an American is 122k[0]. So this is like the average A
by brianwawok 4y ago
To put in perspective, Shopify has a market cap of 41B. This is 0.00002 of that.
The average net worth of an American is 122k[0]. So this is like the average American donating $2.44 to a cause.
[0] https://www.fool.com/research/average-net-worth-americans https://www.fool.com/research/average-net-worth-americans
- asciiresort 4y ago> So this is like the average American donating $2.44 to a cause. You’re making this sound like a bad thing. It’s a kind gesture nonetheless.
- kyleee 4y agotechnically true, but does it have the same impact as a donation of $2.44?
- ipaddr 4y agoGreat question. They have different impacts. That million allows shopify to get features it wants and aligns the project to it's goals. That $2.44 comes without those strings. You can afford more developers with a million but you end up building something shopify supports which pulls existing resources away from current priorities. It can boost or even kill a project.
- rafaelfranca 4y agoIf you read the post you will see this is a donation without strings as well.
- ipaddr 4y agoI'm not sure the post cover this. The intent is without strings but the truth is it buys a bigger voice and platform. Did you hear about the $2.44 I gave? No you didn't.. there was no press release or hn article.
- rafaelfranca 4y agoThere is a section in the post exactly about that. Let me quote here: > What influence does this partnership give Shopify over Ruby Central? > This was an important consideration in Ruby Central moving forward the partnership. After discussion with Shopify and amongst the Ruby Central directors, the agreement was formulated as a donation without strings. Both parties have made it clear that usage of the donation is at the discretion of Ruby Central. As a good steward of the Ruby community, Ruby Central plans to disclose how the funds were used both for full transparency on the partnership as well as to highlight the work that was done.
- gkoberger 4y agoSo? $1M is $1M.
- ufuk 4y agoYou do realize that market cap is not real money, right? That's like saying that an average American who earns 30K USD/year over 33 years will earn 1M USD and thus they should be considered a millionaire.
- brianwawok 4y agoYou do realize I compared market cap to networth? And networth is not money? Most of an individuals networth is likely tied up in their primary residence and highly illiquid. If you want, you can repeat my math comparing personal income to corporate income. The difference you will find out is not substantial.
- prophesi 4y agoShopify's revenue last year was $4.6m last year, and that's before expenses, so I'd say it's quite a meaningful contribution. But regardless, a $1m donated to OSS is still $1m.
- rglullis 4y agoI'm guessing you wouldn't mind sharing receipts of your donations that certainly amount to much more than 0.002% of your net worth?
- brianwawok 4y agoI’m not submitting a PR stunt on hacker news about it.
- rco8786 4y agoYou must be fun at parties
- scubbo 4y ago/u/ufuk has already pointed how this comparison is flawed, but even if it were not - now do the same comparison of how much other companies donate to OSS projects.