Open Collective

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Open Collective is a crowdfunding platform focused on grassroots groups. It enables organizations, communities, and projects to get a legal status and raise funding through subscription or one time payment. It's particularly favoured by open source projects. [1] It currently hosts funding for thousands of open-source communities. [2]

Contents

History

Open Collective was created by Storify cofounder Xavier Damman, Democracy Earth’s Pia Mancini, and former Dropbox product manager Aseem Sood. It is a venture capital-funded tech startup—owned by founders, investors, and employees—with an obligation to make returns. [2]

Projects with corporate support tend to rack up higher financing than donation projects led by individuals. [3]

Open Collective Foundation, distinct from the Open Collective platform, announced the dissolution of its fiscal sponsorship program by the end of 2024. [4]

References

  1. "Open Collective is a GoFundMe-like service for open source projects". VentureBeat. 2017-04-05. Retrieved 2023-08-11.
  2. 1 2 Ideas, WIRED. "Startups Have a Sellout Problem. There's a Better Way". Wired. ISSN   1059-1028 . Retrieved 2023-08-11.
  3. Zhou, Jiayuan; Wang, Shaowei; Kamei, Yasutaka; Hassan, Ahmed E.; Ubayashi, Naoyasu (2021-11-30). "Studying donations and their expenses in open source projects: a case study of GitHub projects collecting donations through open collectives" . Empirical Software Engineering. 27 (1): 24. doi:10.1007/s10664-021-10060-y. ISSN   1573-7616.
  4. "ANNOUNCEMENT: Open Collective Foundation Dissolving Effective 12/31/2024 - Open Collective Foundation". opencollective.com. Retrieved 2024-03-17.