Re: Specific Questions

[Karl Denninger <karl@Mcs.Net>]

> 
> At 3:49 PM -0600 12/25/96, Christopher Ambler wrote:
> >Ball's in your court, perry - if you know that $1000 isn't enough,
> >then how much is? A reasonable guess, if you haven't strong figures,
> >will suffice, I'm sure.
> 
> 	$20,000 is actually a compromise down from an initial $30,000 that
> we developed during our back-of-the-envelope calculations.  It represents
> what we believe to be the relatively fixed costs of the selection process
> (times the number of winners).  The variable cost that is significant is
> credit checking; it depends upon how many applicants there are and that's
> why it was separated out.
> 
> 	Why is the number so high?  Well, it turns out that getting an
> international group to convene electronically and face-to-face isn't cheap.
> Neither are the requisite lawyer fees, etc.  And this doesn't count much
> for the cost of their time.
> 
> d/

Why don't you:
1)	Break it out, line-item by line item.
2)	Explain why a volunteer group (you CAN step down and be replaced
	with someone else) should be compensated in ANY way for their work.

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