Open Collective Explained

Open Collective is a crowdfunding platform focused on grassroots groups. It gives organizations, communities, 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

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.[3]

Open Collective Foundation (not the platform) was announced to be dissolved by the end of 2024.[4]

Notes and References

  1. Web site: 2017-04-05 . Open Collective is a GoFundMe-like service for open source projects . 2023-08-11 . VentureBeat . en-US.
  2. News: Ideas . WIRED . Startups Have a Sellout Problem. There's a Better Way . en-US . Wired . 2023-08-11 . 1059-1028.
  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 . en . 27 . 1 . 24 . 10.1007/s10664-021-10060-y . 1573-7616.
  4. Web site: ANNOUNCEMENT: Open Collective Foundation Dissolving Effective 12/31/2024 - Open Collective Foundation . 2024-03-17 . opencollective.com.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Open Collective".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.