Patrick McKenzie: uncertainty

Transcript context

…The point about griping on a podcast, that's definitely what I'm doing. Maybe you’re too humble to say this for yourself. I do want to commend you for this. There are very few people who would do this. You tweeted it out. There are probably other projects that other people could have taken up that are not taken up. In this case, you tweeted it out. You saw that there was a thing that could be done and you did it. You quit your job and you did this full-time. The reason you had to dip into your kid's college fund was because somebody who had promised a donation didn't follow up on it, right? Effectively every time we had a verbal green light with regards to money, I would advance the company, the charity… Charities are companies, by the way. I don't know if that is obvious. It was called Call the Shots Incorporated. I would advance Call the Shots the money that was soft committed, before the money would actually arrive in the bank on the theory that this accelerates our impact. We should always choose acceleration over other things such as minimizing credit risk. Some of the people who had soft committed did not actually end up wiring money at the end of the day. Shoot. My choices now are either don't run the last payroll or do run the last payroll and do not recover the money I've advanced the company. I said “okay, do run the last payroll.” Did you end up recovering it in the end?…

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