They’ve taken in several billion dollars by now. Let that sink in. They're supposedly a non-profit, so this plan is the well-trodden playbook.
But of course no Manager instance could imagine such a thing. Cue Upton Sinclair quote.
They did that! Why are people proposing that like it's a new idea?
The truth is the vast majority of organizations with an endowment are not able to rely on it in perpetuity, I think there's a small subset of organizations that basically amounts to a bunch of elite universities. So it's not the intended or functional or actual purpose of any endowment to be permanent firewall against any conceivable financial hazard for all eternity. Having at one point worked for a non-profit myself that had an endowment, generally, what you do is you calculate how long an organization's operations could be funded by that endowment, and is one of a portfolio of metrics for gauging the financial health of a non-profit. It's more properly understood as a firewall to create some breathing space in the face of financial uncertainty. Again, reaching back to my limited stint at a non-profit, they withdrew a little bit from their endowment during the 2008-2009 financial crisis, as well as during covid. It's rarely the case that an endowment can fund an organization in perpetuity.
And maybe I'm crazy but if someone falsely accuses Mozilla of not maintaining an endowment, it seems relevant to point out that they do actually have one.
Heck, this AI first announcement was probably strongly influenced behind the scenes by Google to create an appearance of competition similar to Microsoft's and Apple's relationship in the 1990s.
Also, ironically, I just switched full time to Brave only yesterday.
There is no reason to believe manager pay is even 10% of the total expense.
edit: in 2023 they took in $653M in total, $555M of which was from Google. They spent $260M on software development, and $236M on other things.
Mozilla burns a batshit amount of money on feel good fancies.
If it were focused on its core mission -- building great software in key areas -- it would see it can't afford this, because that's the same money that if saved would make them financially independent of Google.
At some point they ease off the google money or it goes away itself. And they move forward on privacy.
Google was less demanding in the past as well; they continue to give Apple billions each year.
There are a number of privacy-oriented business models, as listed here: https://aol.codeberg.page/eci/status.html - while not as lucrative as some, combined with an endowment its a good living that many companies would envy.
I agree with the person you're responding to. Decades of funding and they have zero savings to show for it.
Though it's questionable as to how much big players like Google would have continued to fund Mozilla if they had seen Mozilla making the financial moves that would have made it an independent and self-sufficient entity.
Look at how much money Google gave to Apple (Safari) vs Mozilla (FireFox) per year.
The CEO has unarguable been doing a poor job. Losing market share has lost them more potential revenue than any of their pet projects raised.
