LavaTech Financial Report, 2020 edition

This is our second financial report to date. We've provided comparisons in this document, but if you'd like to review the 2019 one yourself regardless, you can access it here.

We also released the 2020 transparency report, you can read it here.

This document was mostly written by Ave, but it was reviewed and approved by both LavaTech members.

Income: Patreon

Patreon is our main source of donations for LavaTech.

Patreon graph

Before fees, we made $1028.

Expenses: Fees

In total, $172.02 (16.73% of the income) went to taxes and fees in 2020 (2019: $139.78, 29.12%).

Here's a lazy pie chart for your enjoyment:

Pie chart showing distribution of fees in 2020

Expense: Backblaze B2

Backblaze B2 is our preferred data storage service of choice for backups.

Expense: Cloudflare

We started using Cloudflare Load Balancing for Switchroot in July 2019 and stopped in July 2020.

Expense: Servers

2020 was an interesting year as we've moved from a dedicated server in Hetzner to a colocated server in August.

The new server belongs to Ave, the network and rack belongs to Lasagna Ltd (a company owned by Ave, unrelated to LavaTech). As such, server, network and colocation costs are NOT reflected here.

Note: All of Scaleway was paid directly by Ave. All but 3 months (€35.97) of were paid by Ave.

In total, we paid €682.48 (~$785.72) for servers in 2020 (2019: €734.81).

Expense: Domains

We bought many cute domains this year.

While we do our best to reflect the correct numbers here, they're not perfect. Stuff like domains we pay for renewal of (but don't own yet) aren't included, and we may have forgotten to include some registrars.

Do note that 2019 numbers do not exclude personal purchases while 2020 numbers do.

In total, we paid $172.98 for domains in 2020 (2019: $228.19).

Expense: KernelCare

We have KernelCare on our main hypervisor, laserjet.

We have a 2 server license, one in use for LavaTech and other in use by our friends at General Programming (which is excluded from the number below). This arrangement allows us to get a slightly favorable per server cost.

During certain parts of the year we bought more licenses temporarily to test other servers and move between servers.

Note: Only one month ($6.90) was paid by LavaTech funds. Rest was paid directly by Ave.

Personal Expenses through LavaTech funds

I (Ave) owe a personal apology here for using the wrong card for one payment. Considering I also paid for a large number of expenses with my own funds, I hope this can be excused.

In total, we paid $53.53 for personal expenses through LavaTech funds in 2020 (2019: $26.29).

In conclusion

Pie chart showing distribution of expenses in 2020

We'd like to thank all of you for supporting us, by using our services, by recommending our services, and by donating domains and funds to our services.

We're closer than ever to being self sustaining, and that makes us unbelievably happy. Thank you so much to everyone who used our services, who recommended our services and those who supported us in any way.

Shameless plug: If you'd like to help make that percentage be higher for 2021, here's our patreon. Anything helps.

(Tags to jump to other related posts: #financialreport #report)