Hacker News new | past | comments | ask | show | jobs | submit login

The finance section show they do a ton with very little but there maybe trouble ahead. $16,000 in revenue, approx 65,000 in expenses and a balance of 97,000 in the bank.



It is not quite so bad as that. They list $11000 in operating expenses and $9500 in depreciation, so more like $20500 in expenses for a deficit of $4000 versus that $97000 in the bank. The other was $55000 in capital expenses, but they are clearly not spending that every year (depreciation is going to be closer to their average capital expense).


Financial statements are always up to interpretations. But it's nice to see that they publish theirs very prominently. Not every open source community does.


This was an intentional large spend. Typically we have a large surplus every year and the money was just sitting around, growing. This year we decided to do something productive with some of it.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: