There’s no endowment currently because we haven’t preserved anyone yet.
With each preservation, we’ll set aside enough money to cover 100 years of storage at the time of preservation and those funds will be invested in something like index funds. I don’t think that we will actually need 100 years of storage, but a 1% drawdown should be conservative and long-term sustainable, especially since we expect advancements in refrigeration technology, the preservation technology itself, and energy production (like fusion power) to reduce the cost of preservation maintenance over time.
Our constraint regarding the endowment is that it needs to be true that the whole arrangement with the endowment is appealing enough that another company would be interested in assuming responsibility for continued care of preserved people because it would be profitable, in the case where for some reason we had to hand off long-term care to another entity.
The preservation endowment will grow with each preservation and be highly dependent on sales, but I think we will be getting to thousands of preservations per year in a few years and that will translate to > $10 M in the endowment in total at that time.
Gotcha!
There’s no endowment currently because we haven’t preserved anyone yet.
With each preservation, we’ll set aside enough money to cover 100 years of storage at the time of preservation and those funds will be invested in something like index funds. I don’t think that we will actually need 100 years of storage, but a 1% drawdown should be conservative and long-term sustainable, especially since we expect advancements in refrigeration technology, the preservation technology itself, and energy production (like fusion power) to reduce the cost of preservation maintenance over time.
Our constraint regarding the endowment is that it needs to be true that the whole arrangement with the endowment is appealing enough that another company would be interested in assuming responsibility for continued care of preserved people because it would be profitable, in the case where for some reason we had to hand off long-term care to another entity.
The preservation endowment will grow with each preservation and be highly dependent on sales, but I think we will be getting to thousands of preservations per year in a few years and that will translate to > $10 M in the endowment in total at that time.