Wisdom

Bank a runway in case something bad happens

Quote

we're trying to build up enough money in the bank, to be able to run this for a while if something really bad happened.

Episode 79: Users and Developers Partying Together (episode page, opens in a new tab) 01:30:26 (play audio from this timestamp, opens in a new tab)

Voice-matched

Summary

Big donations let the Podcast Index cover more than hosting, node and fee overhead, so it can save money to keep running if something really bad happens. Dave and Adam take no distributions, and they still pay pass-through LLC taxes on money they never see.

Also said

  1. Episode 74: Confetti Canon (episode page, opens in a new tab) 01:28:48 (play audio from this timestamp, opens in a new tab)

    the money has to stay in there in order to weather the storm of let's just say we get six months with terrible donations, and we gotta have a big war chest in order to survive that,

    Voice-matched