Neil Brown on Nostr: I read this piece,, and wonder what the future is for Matrix. In practice, the ...
I read this piece,, and wonder what the future is for Matrix.
In practice, the Foundation needs an additional $610K in revenue to break-even, but this $100K would extend our runway 1 month while we work on landing grants and new members. To put this in context, we nearly doubled our revenue in 2024, reaching $561K, but it was also the first year in which we carried the full cost of our operations: $1.2M. To make ends meet, we liquidated $283K worth of cryptocurrency donations and ended the year with a $356K deficit.
https://matrix.org/blog/2025/02/crossroads/
In practice, the Foundation needs an additional $610K in revenue to break-even, but this $100K would extend our runway 1 month while we work on landing grants and new members. To put this in context, we nearly doubled our revenue in 2024, reaching $561K, but it was also the first year in which we carried the full cost of our operations: $1.2M. To make ends meet, we liquidated $283K worth of cryptocurrency donations and ended the year with a $356K deficit.
https://matrix.org/blog/2025/02/crossroads/