Comment by blibble
2 days ago
> And just so we're clear, are you suggesting they shouldn't have an endowment at all
did you read my comments in this chain?
> I would go so far as to say I think the VC fund is the single best idea Mozilla has ever had for long term financial independence.
do you look at Mozilla and see it as an example of an organisation that selected good investments over its existence?
would have it done better putting that money into treasuries? almost certainly
the point of an endowment for a foundation is to ensure the organisation continues to exist forever
not to gamble its future on 1 in 100 bets
and for a fund to have the possibility to have selected that 1 in 100: it has to be of significant size
You started this thread by falsely claiming Mozilla had no endowment. You were fully possessed by the certainty that this was simply more proof of their bad management. Can you acknowledge you were wrong about that instead of just shifting to new accusations?