there are 2 things that puzzles me on this
1. currently their spending amount totals to $33mm, with $14 million on infrastructure and $19 million on staff cost - per year. But they only have 50 full time staffs. That either means each employees take home salary is $30k per month, which is really high, or there is a huge allocation going else.
2. This idea of "non-profit" - doesn't mean, its non-revenue generating business. You can generate very high revenue - but you have to expense out all your earnings/profits back into the business - hence zero-profit. Allbirds, Patagonia are B-Corps who are 100% public benefit company. I am not too sure what's the restriction Signal has in generating revenue.
I also think the focus hasn't been much on business strategy, business growth nor user adoption as it has been putting in engineering and R&D effort into creating stories, altcoin.
I think more business expansion focus is needed - ie like being able to transfer bitcoin/fiat through it would expand purpose and hence more users.
I might be wrong here, but I have always found Signal's budget allocation a little odd but i might be completely wrong. cc rabble (npub1wmr…g240) as I saw this post through his repost, and jack (npub1sg6…f63m) who is a major funder and would have better clarity
pam
npub1pv…kdx8c
2023-11-18 08:15:54
in reply to nevent1q…j8uj
Author Public Key
npub1pvgcusxk7006hvtlyx555erhq8c5pk9svw57snlxujpkgnkup89sekdx8cPublished at
2023-11-18 08:15:54Event JSON
{
"id": "c4f203e4025fc38d20499d192e857207cc960062c4e129b460e00a9788f2cec0",
"pubkey": "0b118e40d6f3dfabb17f21a94a647701f140d8b063a9e84fe6e483644edc09cb",
"created_at": 1700295354,
"kind": 1,
"tags": [
[
"p",
"76c71aae3a491f1d9eec47cba17e229cda4113a0bbb6e6ae1776d7643e29cafa",
"",
"mention"
],
[
"p",
"82341f882b6eabcd2ba7f1ef90aad961cf074af15b9ef44a09f9d2a8fbfbe6a2",
"",
"mention"
],
[
"e",
"8895fab6b4df140bdcab35fbdda6e4b19a6a3262e909def2ed66537bd8072ad3",
"",
"reply"
],
[
"p",
"ec55841e6b607007a0167bd7e8d844705669336aef56485b48f4d38f51e5f68d"
]
],
"content": "there are 2 things that puzzles me on this \n\n1. currently their spending amount totals to $33mm, with $14 million on infrastructure and $19 million on staff cost - per year. But they only have 50 full time staffs. That either means each employees take home salary is $30k per month, which is really high, or there is a huge allocation going else. \n\n2. This idea of \"non-profit\" - doesn't mean, its non-revenue generating business. You can generate very high revenue - but you have to expense out all your earnings/profits back into the business - hence zero-profit. Allbirds, Patagonia are B-Corps who are 100% public benefit company. I am not too sure what's the restriction Signal has in generating revenue. \n\nI also think the focus hasn't been much on business strategy, business growth nor user adoption as it has been putting in engineering and R\u0026D effort into creating stories, altcoin. \n\nI think more business expansion focus is needed - ie like being able to transfer bitcoin/fiat through it would expand purpose and hence more users. \n\nI might be wrong here, but I have always found Signal's budget allocation a little odd but i might be completely wrong. cc nostr:npub1wmr34t36fy03m8hvgl96zl3znndyzyaqhwmwdtshwmtkg03fetaqhjg240 as I saw this post through his repost, and nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m who is a major funder and would have better clarity ",
"sig": "17cb4de847bfe96a727cc71c7df5161003eedfa89ef51d555ce7733564a09e96d1cd0c603c4a90bd7405a887cfd0b1c66f2c2b0012dc5781c99d3742b3e60138"
}