John Dennehy on Nostr: My First Bitcoin needs your help We are in danger of running out of funding before ...
My First Bitcoin needs your help
We are in danger of running out of funding before some longer-term funding kicks in at the end of the year. If nothing changes, we will run out of money in September.
How did we get here? Well, in order to remain independent, we leave A LOT of money on the table
But for this post I want to give greater transparency into our expenses
With time we will make financial transparency part of our official SOP and publish everything on our website, but in the meantime, some context
Expenses are varied—we rent a house which we converted into school, we develop various open-source curriculum, we give sats to students as part of classes, we host 50+ meetups per year, we are building a Learning Management System (LMS) that anyone will be able to use, and lots of other expenses but I want to focus on payroll, which is our largest single expense
We have 20+ paid staff in addition to project-based contract work we hire for on an as-needed basis. Teachers are the largest and most obvious group, but this number includes some less visible roles as well. We pay developers & designers to build out infrastructure to help independent educators across the world. We pay lawyers, accountants and auditors to help us be compliant in multiple jurisdictions. We pay creators of open-source curriculum, lesson plans and activities.
This staff is the backbone of an emerging global movement. The commonality among them all—they are all underpaid. Not only did every current staff begin as a volunteer, many of them have quit much higher paying jobs to work here—often earning less than half of what they made in their previous job. Our payroll is about $24,000 per month
We need your help to maintain and make it to the end of the year, when some new longer-term and more sustainable funding will kick in.
if you do want to donate, visit our campaign on geyser (npub1kmw…xqk9)
https://geyser.fund/project/miprimerbitcoin
We are in danger of running out of funding before some longer-term funding kicks in at the end of the year. If nothing changes, we will run out of money in September.
How did we get here? Well, in order to remain independent, we leave A LOT of money on the table
But for this post I want to give greater transparency into our expenses
With time we will make financial transparency part of our official SOP and publish everything on our website, but in the meantime, some context
Expenses are varied—we rent a house which we converted into school, we develop various open-source curriculum, we give sats to students as part of classes, we host 50+ meetups per year, we are building a Learning Management System (LMS) that anyone will be able to use, and lots of other expenses but I want to focus on payroll, which is our largest single expense
We have 20+ paid staff in addition to project-based contract work we hire for on an as-needed basis. Teachers are the largest and most obvious group, but this number includes some less visible roles as well. We pay developers & designers to build out infrastructure to help independent educators across the world. We pay lawyers, accountants and auditors to help us be compliant in multiple jurisdictions. We pay creators of open-source curriculum, lesson plans and activities.
This staff is the backbone of an emerging global movement. The commonality among them all—they are all underpaid. Not only did every current staff begin as a volunteer, many of them have quit much higher paying jobs to work here—often earning less than half of what they made in their previous job. Our payroll is about $24,000 per month
We need your help to maintain and make it to the end of the year, when some new longer-term and more sustainable funding will kick in.
if you do want to donate, visit our campaign on geyser (npub1kmw…xqk9)
https://geyser.fund/project/miprimerbitcoin