These were items that we did not get to discuss thoroughly in our monthly board meeting. They are shown here for announcement and discussion.
We have a new, holistic budget that also pulls in a method for estimating cashflow projection. I think this will be a useful tool to look at impacts of fundraising on our runway for now and how much risk we can take on with larger and larger TA pools given the variable nature of academy. I pulled in information from existing budgets and brought them out to five years, but I am concerned I am unaware of certain repeating or pending expenses.
Action Items
Please look at the budget document and write back to me with expense line items that you feel are not captured in it. Feel free to give any additional feedback you want to. Note the expandable rows on the summary page, note the separate sheets for budget line items.
Paul Schrater has offered to resign from the Neuromatch, Inc. board of directors.
I have recruited a small team of volunteers to work on performing the market research to help launch Neuromatch Services. I have assigned myself tasks to work directly with this group to begin specifying the relatively simple financial model and the relatively complex process that it would need to be organized within.
We have implemented a whole volunteer organization facing folder for common resources that volunteers can/will use. This includes logos, templates, and similar tools. In the future, it should include onboarding documentation and other things that volunteers might need to refer to.