←back to thread

1806 points JustSkyfall | 2 comments | | HN request time: 0s | source
Show context
armada651 ◴[] No.45284247[source]
> a pretty massive sum of money

I feel like the perception of money is distorted in tech circles. To me $10,000 is a pretty massive sum of money. For most people $250,000 represents a life-changing amount of money.

replies(3): >>45284291 #>>45284368 #>>45284422 #
syntaxing ◴[] No.45284368[source]
To a person yes. To a business, not so much. It’s just the “cost of business”. A ton of hardware software is north of 10K for barebones license. Really adds up if you start stacking stuff (looking at you Catia and COMSOL).
replies(2): >>45284727 #>>45284840 #
1. margalabargala ◴[] No.45284840[source]
In the article, this isn't a business. It's a nonprofit.

For 99.9% of nonprofits, their annual budgets are in the single digit thousands or less. A sudden $250k bill is fatal.

replies(1): >>45284878 #
2. paxys ◴[] No.45284878[source]
A nonprofit is also a business. This particular one makes $11M+ a year in revenue, so in the 0.01%.