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No you're not. You need at a minimum approximately $180,000 for a project with your expenses to be self-sustaining. With this burn rate, you'll end up asking fo
by andrewmcwatters 2y ago
No you're not. You need at a minimum approximately $180,000 for a project with your expenses to be self-sustaining. With this burn rate, you'll end up asking for donations again in three years.
Further still, you'd need those reserves to grow at more than 2% per year, and more realistically somewhere much higher than that, just to ensure your donation reserves keep the project self-sustaining in the face of inflation.
How do we get so many smart people in tech who don't know how to manage finances?