as discussed above, we have been dependent on a single funder throughout ASSC's history. the way funding is structured is through a series of promissory notes issued by the company to our funder — essentially collateralized loans from them to us. they DO NOT own any actual equity in ASSC (this is important to us as a worker-owned co-op); we're ultimately responsible only for paying the principal on the loans as well as a small amount of interest, then we own the company free and clear. the collateral on these loans is IP rights on ASSC's output. barring a renegotiation on these terms, if we default on the loans then our funder will have ownership over the cohost software.
here's the most urgent problem right now: our funder has been completely incommunicado for over a month right as we're drawing on the last of our funding from them. we've been friends with them since before ASSC was a thing, so not only is this is a matter of paying the bills, but also unexpected, unusual, and leaving us concerned for their personal welfare on top of everything else.
the rest of us would have to get other jobs to pay rent and like. have you seen the job market?? it's not great
I was impressed with what the team managed to achieve on a technical level, but the lack of any discernible business model always felt a bit odd.