John Dennehy on Nostr: In August Mi Primer Bitcoin El Salvador ran out of money Here’s an update on what ...
In August Mi Primer Bitcoin El Salvador (nprofile…jm6m) ran out of money
Here’s an update on what has happened since:
We took a step back and identified some core problems: communication & consequences.
In response, and as part of a larger re-structuring, we created a more decentralized operations infrastructure with an emphasis on information sharing.
We also created aggressive savings goals for the next 5 quarters (Q4 2024 and all of 2025) and mandated team wide penalties if we did not meet those goals.
We knew it would be hard, but we wanted to turn a negative into a positive and make sure we were planning far into the future with sustainable raising and spending. We wanted to make sure we would never run out of funding again.
I’m extremely happy to report that the team has been absolutely crushing it ever since. In Q4 we over-raised and put some away into savings. We had identified Q1 as perhaps the hardest quarter to raise in—and yet we were still we able to save.
This is the communication part now—we plan to be as transparent as possible with fundraising, and that includes sharing our failures as well as our successes.
We are now in the strongest financial position we have ever been in—and it’s thanks to YOU. Most of our funding is from individual donations.
Follow the money. Always.
We take ZERO funding from governments and regularly turn down corporate sponsors. This makes fundraising more difficult—but bitcoin education must be independent & impartial and we will never compromise that to make fundraising easier.
We are not teaching WHAT to think, we are teaching HOW to think.
We now have a runway to work with which helps us plan farther into the future, insulates us from dry stretches, and ensures our fierce independence.
Shout out to the community for supporting us throughout this journey and proving that we can scale bitcoin education without compromising our independence. And shoutout to the entire Mi Primer Bitcoin El Salvador (nprofile…jm6m) team. Each year we get a little better, but the current iteration in 2025 has really pushed the movement into a new realm. This team turned a negative into a positive, and consistently sees every challenge as an opportunity to build stronger, better and to recommit to the mission
LFG!
Here’s an update on what has happened since:
We took a step back and identified some core problems: communication & consequences.
In response, and as part of a larger re-structuring, we created a more decentralized operations infrastructure with an emphasis on information sharing.
We also created aggressive savings goals for the next 5 quarters (Q4 2024 and all of 2025) and mandated team wide penalties if we did not meet those goals.
We knew it would be hard, but we wanted to turn a negative into a positive and make sure we were planning far into the future with sustainable raising and spending. We wanted to make sure we would never run out of funding again.
I’m extremely happy to report that the team has been absolutely crushing it ever since. In Q4 we over-raised and put some away into savings. We had identified Q1 as perhaps the hardest quarter to raise in—and yet we were still we able to save.
This is the communication part now—we plan to be as transparent as possible with fundraising, and that includes sharing our failures as well as our successes.
We are now in the strongest financial position we have ever been in—and it’s thanks to YOU. Most of our funding is from individual donations.
Follow the money. Always.
We take ZERO funding from governments and regularly turn down corporate sponsors. This makes fundraising more difficult—but bitcoin education must be independent & impartial and we will never compromise that to make fundraising easier.
We are not teaching WHAT to think, we are teaching HOW to think.
We now have a runway to work with which helps us plan farther into the future, insulates us from dry stretches, and ensures our fierce independence.
Shout out to the community for supporting us throughout this journey and proving that we can scale bitcoin education without compromising our independence. And shoutout to the entire Mi Primer Bitcoin El Salvador (nprofile…jm6m) team. Each year we get a little better, but the current iteration in 2025 has really pushed the movement into a new realm. This team turned a negative into a positive, and consistently sees every challenge as an opportunity to build stronger, better and to recommit to the mission
LFG!