What’s the counterfactual impact of that $3-6M? Would you have to cut some of the activities you mentioned without it? Is this money to expand to be activities? Something else?
At least this year, this is quite hard to answer, because really the majority of this money would go to paying off things like interest on our loan, and not-going-bankrupt when the FTX creditors start knocking.
If we end up with a very substantial funding shortfall, my guess is this would mostly cause us to focus on renting out the Rose Garden Inn more to somehow make enough funds to cover our obligations. In the worst case we would default on our loan and sell the Rose Garden Inn property, though that would be a pretty protracted affair that would really hurt.
It does really feel a bit like this year marginal funding is more directly funging against something like “probability of the continued existence of Lightcone Infrastructure at all” instead of some specific programs, because of the way our liabilities are structured and past commitments we’ve made.
At least this year, this is quite hard to answer, because really the majority of this money would go to paying off things like interest on our loan, and not-going-bankrupt when the FTX creditors start knocking.
If we end up with a very substantial funding shortfall, my guess is this would mostly cause us to focus on renting out the Rose Garden Inn more to somehow make enough funds to cover our obligations. In the worst case we would default on our loan and sell the Rose Garden Inn property, though that would be a pretty protracted affair that would really hurt.
It does really feel a bit like this year marginal funding is more directly funging against something like “probability of the continued existence of Lightcone Infrastructure at all” instead of some specific programs, because of the way our liabilities are structured and past commitments we’ve made.