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That 5% was on top of the fees to the payment processor. When I went to Patrecon and asked Conte "so what happens if the VC decides it wants a return on its in
by egypturnash 8y ago
That 5% was on top of the fees to the payment processor.
When I went to Patrecon and asked Conte "so what happens if the VC decides it wants a return on its investment" and I think the tl;dr of his reply was "our VC is a bunch of wonderful supporters of the arts who are perfectly fine with not making big bucks off us". I felt like he was blowing sunshine up my ass then and I kinda feel like that even more now.
I wonder what's going on with Kickstarter, Drip, and KS's handing Drip off to XOXO. I would be a lot more comfortable using a membership site that's run by a Public Benefit Corporation instead of a corporation that's got VC to pay back.
- ysavir 8y agoI'm currently working on a similar idea to what you just described. It's still a work in progress, but with no investors and no shareholders, so no pressure to maximize profits. I'd love to get your input as a creator and hear your thoughts. If interested, send me an email at yaniv@mynexus.io.
- egypturnash 8y agoWill do.
- rmc 8y agoAnother idea: A co-op company where the owners are the people who recieve money. This is the "platform co-op" idea.
- Kalium 8y agoCo-ops are always and invariably a good idea, wonderful and pleasing to discuss. Getting such a co-op into a position to actually be preferable to everyone involved might sometimes, in some cases and scenarions, work out to be less pleasing and wonderful.