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Open Collective
Open Collective
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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]

History

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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

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  1. ^ "Open Collective is a GoFundMe-like service for open source projects". VentureBeat. 2017-04-05. Retrieved 2023-08-11.
  2. ^ a b 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. 28 February 2024. Retrieved 2024-03-17.
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