Open Collective
{{Short description|Crowdfunding platform}}
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.{{Cite web |date=2017-04-05 |title=Open Collective is a GoFundMe-like service for open source projects |url=https://venturebeat.com/business/open-collective-is-a-gofundme-like-service-for-open-source-projects/ |access-date=2023-08-11 |website=VentureBeat |language=en-US}} It currently hosts funding for thousands of open-source communities.{{Cite news |last=Ideas |first=WIRED |title=Startups Have a Sellout Problem. There's a Better Way |language=en-US |work=Wired |url=https://www.wired.com/story/startups-exit-community-ipo-business/ |access-date=2023-08-11 |issn=1059-1028}}
History
Open Collective is a venture capital-funded tech startup—owned by founders, investors, and employees—with an obligation to make returns.
Projects with corporate support tend to rack up higher financing than donation projects led by individuals.{{Cite journal |last=Zhou |first=Jiayuan |last2=Wang |first2=Shaowei |last3=Kamei |first3=Yasutaka |last4=Hassan |first4=Ahmed E. |last5=Ubayashi |first5=Naoyasu |date=2021-11-30 |title=Studying donations and their expenses in open source projects: a case study of GitHub projects collecting donations through open collectives |url=https://doi.org/10.1007/s10664-021-10060-y |journal=Empirical Software Engineering |language=en |volume=27 |issue=1 |pages=24 |doi=10.1007/s10664-021-10060-y |issn=1573-7616|url-access=subscription }}
Open Collective Foundation, distinct from the Open Collective platform, announced the dissolution of its fiscal sponsorship program by the end of 2024.{{Cite web |title=ANNOUNCEMENT: Open Collective Foundation Dissolving Effective 12/31/2024 - Open Collective Foundation |url=https://opencollective.com/foundation/updates/announcement-we-are-dissolving-open-collective-foundation-at-the-end-of-this-year |access-date=2024-03-17 |website=opencollective.com}}
References
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External link
- {{Official website|opencollective.com}}
Category:Financial services company headquarters in the United States