to recent reports, it seems like the Bitcoin Foundation will soon run out of funds, as mentioned during a meeting of the foundation’s board of directors.
The discussion, which was recently published, begins with Brock Pierce, the chairman of the board, making an interesting declaration, meant to raise awareness of the current financial issues that the Foundation is struggling with.
It seems like the Foundation’s series of workshops, recently carried out, only managed to raise around $2,000 in sponsorship fees. Together with this, the foundation also went ahead and initiated a couple of cost-cutting measured to further staunch its flow of cash. At this moment in time, the Foundation spends around $7,500 a month, and has enough funds to last until March.
Its executive director, Bruce Fenton, declared that: “We need to do serious fundraising … Revenue is key, we can’t do much more to cut expenses.”
http://themerkle.com/news/bitcoin-foundation-might-close-running-money/
Topic: [2015-12-08] The Bitcoin Foundation might be close to running out of money (Read 264 times)
December 08, 2015, 04:55:36 PM
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