Ethereum Foundation Burning Through $20 Million a Year

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Summary

The Ethereum Foundation is apparently going through some re-organization which may potentially give rise to more clarity and transparency. These two pairs are wholly separated and would probably appreciate some love.” The Ethereum Foundation visualized, September 2018. Ethereum Foundation early eth movements. The Foundation has about $100 million worth of eth, so they can probably afford this level of spending for years to come. The Ethereum Foundation (EF) spends about $20 million a year on employees, grants and its operations according to a rough estimate by Justin Drake, a researcher at EF. They apparently have about 100 employees, with a visualization made last year showing a number of different teams with different degrees of connections.

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The Ethereum Foundation (EF) spends about $20 million a year on employees, grants and its operations according to a rough estimate by Justin Drake, a researcher at EF.

They apparently have about 100 employees, with a visualization made last year showing a number of different teams with different degrees of connections. It says:

“From the expanded graph we see that, in a loose sense, EF is an org with a center and two wings. The greens are the most central members of the org, with the two wings being the {blue,pink} wing and {brown,purple} wing.

EF is a rather silo’ed organization. This is probably more good than bad—it allows the different organs within the org to behave relatively autonomously without much bureaucracy.

Management should...

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