Our current estimate is that we’ll buy 50 stunners, but I’d take that number with a huge pinch of salt, as there are a number of factors that could influence how many stunners we ultimately need to buy (probably the most important one is that we want to focus on getting retailer commitments as our goal going forward (rather than a specific number of stunners), and it’s not super clear to us what the adoption curve will look like for retail commitments as we work with retailers outside of the UK).
We regularly evaluate our HSI program, and update our estimates if we think it’s appropriate. It could turn out we need fewer than 50, it could turn out that we need more. I guess a message I would like to emphasise is that we will use marginal funding in the most cost-effective way we can, whether or not the marginal funding goes towards a specific stunner, or towards more general corporate engagment work to reach commitments.
Something in the ballpark of a few hundred thousand dollars.
This is a slightly tricky question to answer as:
We don’t have a specific funding gap for 2025
i.e. our overheads are covered, as well as the costs for our target number of stunners
However, it could be the case that we get unexpected momentum next year, and can give away more stunners than we’d planned for
We’ve run into this situation before, where we had an unexpected string of wins, and had to rapidly fundraise in order to pay for them
So effectively we’re trying to build up our war chest so that we’re able to deploy it when the opportunities present themselves
So all of that doesn’t lead me to be confident in saying any specific number, but I think something in the ballpark of a few hundred thousand dollars seems reasonable
Good question Michael!
Our current estimate is that we’ll buy 50 stunners, but I’d take that number with a huge pinch of salt, as there are a number of factors that could influence how many stunners we ultimately need to buy (probably the most important one is that we want to focus on getting retailer commitments as our goal going forward (rather than a specific number of stunners), and it’s not super clear to us what the adoption curve will look like for retail commitments as we work with retailers outside of the UK).
We regularly evaluate our HSI program, and update our estimates if we think it’s appropriate. It could turn out we need fewer than 50, it could turn out that we need more. I guess a message I would like to emphasise is that we will use marginal funding in the most cost-effective way we can, whether or not the marginal funding goes towards a specific stunner, or towards more general corporate engagment work to reach commitments.
How much room for more funding do you expect to have in general for work in 2025 (after including funding coming from ACE)?
Something in the ballpark of a few hundred thousand dollars.
This is a slightly tricky question to answer as:
We don’t have a specific funding gap for 2025
i.e. our overheads are covered, as well as the costs for our target number of stunners
However, it could be the case that we get unexpected momentum next year, and can give away more stunners than we’d planned for
We’ve run into this situation before, where we had an unexpected string of wins, and had to rapidly fundraise in order to pay for them
So effectively we’re trying to build up our war chest so that we’re able to deploy it when the opportunities present themselves
So all of that doesn’t lead me to be confident in saying any specific number, but I think something in the ballpark of a few hundred thousand dollars seems reasonable