Bernadette
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bernadette350.bsky.social
Bernadette
@bernadette350.bsky.social
Striving to be a good ancestor
I thought strategic funds are restricted? Also sympathetic to the concern that 1-time funding is equivalent to sunsetting— hard to bring these back if not budgeted. How do you protect against that?
May 18, 2025 at 7:06 PM
Makes sense to me that the ED of the org would write asking people to support them in front of this attack- not weird. This general fund supports and employs a bunch of equity programs in Portland, my son works at one. Seems naive to say they won’t take a hit. Don’t scapegoat good programs!
May 18, 2025 at 6:58 PM
If Prosper needs better oversight, do that. And/or if the Strategic investment fund needs new guidelines, do THAT. This proposal seems a very blunt tool to address mismanagement— don’t make hardworking equity programs a casualty (as usual) of some sort of disciplinary measure against Prosper! Thanks
May 18, 2025 at 6:50 PM
I generally trust your judgment Mitch, but I’m very concerned about this hack to Prosper’s general fund. A lot of important equity projects are funded through that fund. Seems naive to think this won’t negatively affect them!
May 18, 2025 at 6:46 PM
Find your local actions at maydaystrong.org
May 1, 2025 at 1:14 PM