5 ms·
Running out of money is a common cause of business failure, non-profit or otherwise. Seems like their donations dried up with the economic slowdown. I'm sure t
by glitchc 2y ago
Running out of money is a common cause of business failure, non-profit or otherwise. Seems like their donations dried up with the economic slowdown.
I'm sure they'll be back up and running once things pick up. Orgs such as these are easy to restart.
- netdevnet 2y agoEasy is relative. And just because it might be feasible to do it in 5-8 years, it does not mean that the founders will be in a position to start it
- knowaveragejoe 2y agoWhat/which economic slowdown?
- glitchc 2y agoCOVID of course. And then once the economy recovered circa 2022 given all of the stimulus pumped into it, markets became soft again due to escalating interest rates in an effort to curb inflation. Just have to look at the long term trend for DoW Jones, NASDAQ and S&P. You can see the patterns reflected in the curves. If I could attach annotated screenshots to the message, it would become very clear. In lieu of, if you look at the 5 YR S&P value [1], you'll see the drop in Mar 2020, followed by a recovery until Jan 2022, and then a cooling effect as interest rates start ratcheting up. 2024 is looking better, but that ~2 year soft period from Jan 2022 to Nov 2023 is enough to tank any business operating at margin. [1] https://www.google.com/finance/quote/.INX:INDEXSP?sa=X&ved=2ahUKEwiQ2uHK_pyHAxXShYkEHZJQCv8Q3ecFegQIKBAX&window=5Y https://www.google.com/finance/quote/.INX:INDEXSP?sa=X&ved=2...