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Given this news, it's interesting to read the "Investor Update" published by Open Collective earlier this month: https://blog.opencollective.com/open-collective
by JamesCoyne 3y ago
Given this news, it's interesting to read the "Investor Update" published by Open Collective earlier this month: https://blog.opencollective.com/open-collective-inc-investor-update/ https://blog.opencollective.com/open-collective-inc-investor...
Open Collective will (presumably) experience a further drop in revenue as they lose the "platform fee" they collected from OCF
- pbronez 3y agoKey quote: “”” over the last three years, the source of funds on the platform shifted majorly from small donations to added funds. A mechanism that was originally an unplanned “add-on” became the main source of our revenue, shifting our incentives and, slowly, our strategy, in a way that we did not plan for, and I failed to predict. As a result of this movement to direct-to-hosts large grants and funds (with their increased compliance and opex); the cost to hosting collectives while equally sharing the fee on the transaction became untenable for the fiscal hosts. “””