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habryka | 6 months ago
Yep, Bay Area rent and cost of living is a big pain. $1,500 for housing for a month is still below real estate costs on our side, and $2,000 in program fees is barely enough to pay for the staff costs and program supplies. We might barely break even, but my guess is we'll lose a bunch of money on the program (which is fine, we are doing this because it's good for the world, not to make money).
I feel like for a program like this it might make sense for someone to run it outside of one of the highest cost of living places in the world, but it's where we are located, so that's what we have to make work (I do think being in the Bay Area does also attract people and makes it more likely for people to participate, so it's not an obvious call even from first principles).
> I wonder if there'll be an aggregator of the blog posts written as post of this cohort (and others, if there's more cohorts).
We're definitely planning to do something like that! Not sure yet about the exact format, but we'll definitely make it easy to find what everyone is publishing as part of the residency somehow.
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