OpenSats grants are paid monthly, at least from the few grant receivers that I've spoken with.
Their $300K seed round was in April 2023. Their undisclosed amount from OpenSats was in July 2023.
Both of these were over a year ago. It's possible the funding dried up paying the salaries and infrastructure costs for a 18 months.
It's tough out there, man.
Replies (5)
I thought they said a total of 800k in funding for 18 months
It’s a rough time to be in tech. Pre-seed on up. It will settle. Eventually.
yeah, i'm seeing problems in my own work too, getting a definite muted feels from my boss, first time since i started waiting so long after beginning of month for my pay to go through also
economy is tanking hard, so that means probably a huge money print is upcoming and then later on raging inflation and more hitting the brakes and further the whole thing slides out of contrtol
with the real shink going on the NGU in bitcoin is not gonna be as good or mean as much when there is less it can be used for, but on the other hand, the rush to cash is gonna mean a lot more bitcoin so ... i'm on a bitcoin standard anyway, i pray for a good ngu so i can get some stuff organised
Success isn’t guaranteed, and I know lots of projects and companies fail. I applaud them for trying, but the way they announced this leaves a lot of questions, more than it answers in my opinion.
that's a lot of money. i read somewhere else its a few times more but 300k is a lot of money. it's important to see how much money flows through this space (both open source and bitcoin), what is being used for and the outcome. What was the effort in user adoption ?
man, people are so privileged - Just come here, ra ra abut bitcoin, take in half a million, a year later say opps sorry, i tried, didnt work, bye bye. This is insane.
