I’m a little confused by what you mean by ‘savings’?
Are you talking about the amount we set aside for each person, the total amount in the endowment dedicated to long-term care, whether that amount changes over time, something else? Looking forward to getting you a complete answer!
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.
Will you have much savings early on?
I’m a little confused by what you mean by ‘savings’?
Are you talking about the amount we set aside for each person, the total amount in the endowment dedicated to long-term care, whether that amount changes over time, something else? Looking forward to getting you a complete answer!
The total amount in the endowment, and plans about its changes over the next several years, please.
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.