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Couldn't they take the Google money, invest it, and pay developers purely from the interest? Like a university endowment? How many years of Google money would
by Brybry 3y ago
Couldn't they take the Google money, invest it, and pay developers purely from the interest? Like a university endowment?
How many years of Google money would it take to support ~500 staff purely for making Firefox in perpetuity? That's maybe ~$50 million/year?
This[1] says endowments target ~7.5% annualized returns. So a very conservative 5% return could pay for ~500 staff with ~$1 billion in Google bucks.
[1] https://www.nacubo.org/Press-Releases/2023/Higher-Education-Endowments-See-Declines-in-Returns-and-Values-but-Boost-Overall-Spending https://www.nacubo.org/Press-Releases/2023/Higher-Education-...