Diaspora Profit & Loss Statement 2011

http://dl.dropbox.com/u/345057/DIASPORA%207312011%20Profit%20and%20Loss%20Statement%20B.pdf

by sp332 • 14 years ago

26 17 14 years ago

dl.dropbox.com

withinthreshold• 14 years ago

Prepared by a college freshman, as it seems.

adgar4• 14 years ago

Not unlike their code before they got the community to audit and fix it for them.

danpalmer• 14 years ago

Being a total financial layman, I can't understand most profit and loss documents, finding them far too overcomplicated. This was perfect for me to understand exactly what was happening.

cheez• 14 years ago

I was going to say that they have nothing to show for it but this is clearly not true. The concept seems to have proved itself. Now the question is how to get the users.

http://podupti.me/

evolve2k• 14 years ago

$26K for kickstarter prize fulfillment, really? Why so high?

ealexhudson• 14 years ago

If you've got a lot of donors I can imagine it adding up. Everyone who chucked in $50 or whatever for a sticker or t-shirt wants the thing, plus there's mailing, plus getting people to pack the things into the envelopes/parcels, getting the addresses on them, all that stuff.

bcx• 14 years ago

It's pretty awesome that they opened this up and told the world where the money went. I'd love to see this kind of openness for other companies that become acquahired or get shut down.

Interesting but not surprising that roughly 25% of the kickstarter money went back to kickstarter and their funders. Of course if they really wanted to make the money stretch they could have cut out salaries, maybe I can find our year 1 financial statements :-)

ohashi• 14 years ago

And live on what? 28.8k/year is not much money to live as it is. They were college students if I recall correctly, can't imagine they were sitting on a lot of cash they had saved up.

shardling• 14 years ago

Depends where in the US you live, obviously. Somehow I survived 6 years of grad school on a lot less, and I'm hardly alone there!

adgar4• 14 years ago

They were NYU students. if you don't know NYU, that means they were overwhelmingly likely to be fucking loaded. But I don't know them so one can't say for sure.

tptacek• 14 years ago

Discussed last year:

http://news.ycombinator.com/item?id=2976139

jeffchuber• 14 years ago

I'm guessing they paid SendGrid $1470, not Sengrid.

efader• 14 years ago

It is sad that with that much money they largely didn't deliver anything and then left the project to be maintained by the community.

sp332• 14 years ago

They (and other collaborators of course) delivered a lot of working code. Was there something in particular you wanted that didn't get implemented?

adgar4• 14 years ago

I think the feature most folks miss is a userbase.

Diaspora Profit & Loss Statement 2011

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