-
Notifications
You must be signed in to change notification settings - Fork 38
#BackTheStack 2 #1057
Comments
This could be conveniently implemented with blockchain, money can be raised with Initial Coin Offering. I fail to completely see the final gameplay, tough. |
Overnight brainstorm: use #BackTheStack for this instead of Round. Too much VC parallel will confuse people—this isn't an investment with a profit return. |
Old #BackTheStack: gratipay/gratipay.com#142. |
In conversation yesterday @lognaturel suggested starting with projects instead of companies, since it's a certain kind of project that will be willing and able to receive funds (perhaps smaller/simpler rather than larger/complex projects). (Yes?) I think the question there is whether the presence of committed projects makes it an order of magnitude easier to sign companies up. Because the crucial moment here that we need to achieve once and then replicate is to transfer money from a company bank account into the Gratipay escrow. That is the very hardest thing to achieve here and everything else should be organized around that. |
For the allocation step (4) we should incorporate scoring to aid decision-making: |
I really like "Back the Stack", catchy and marketable. |
Should we use backthestack.org for this? Looks like that's taken. Dot com? |
I have a question: who is this for? It's not for all of open source. Lots of open source is sustained just fine by existing models: corporate donations of labor, monetary donations through foundations. We should somehow quantify the segment of open source that we don't think is covered and needs attention and money. |
I bought |
There are two costs to overcome to make this worthwhile:
I like this rule of thumb:
Vis-a-vis OC, that means raising $1M. Vis-a-vis LF that means funding hundreds of projects. |
|
@mattbk Yeah but I think we stick with pegging the social element to the community instead of the project. That's part of the value of doing a big campaign like this, we put up a page listing companies involved, and there's enough attention around the campaign itself that the reputational benefit accrues. We can avoid the weirdness of "this company gave me money so I owe them." Fiscal sponsors can buffer some of that as well. What do you think of pegging non-anonymity to the thing as a whole instead of to individual projects? |
Can we use 99designs for a logo and website for backthestack.com? |
@whit537, I'm afraid I don't follow. |
Or maybe for illustration? |
Follow what, sorry? |
Dropping to slack. |
Current thinking: timebox fundraising to $1,000,000 over six months. That is the smallest amount of money that is interesting, and that is the shortest amount of time that is reasonable to expect giant companies to respond meaningfully within. Think of this as a giant, enterprise-scale Kickstarter. $1M is the low end. We're thinking an actual assurance contract like Kickstarter: if we fail to reach our target, we give back all of the money. |
I'm in support of the assurance contract if Gratipay doesn't have to eat the potential banking fees. |
Current thinking: First, Decide for ourselves whether this is really worth pursuing. Put some numbers on the size of the open source long tail. How much value exists to capture? What are X and Y as applied to open source?
Then, approach Indie.vc (#1034) to help us capitalize this. We need a budget for producing content throughout the six-month campaign—this isn't just a one-time video as with Kickstarter. It's likely six videos, one per month. Probably this is a business plan to write here. |
If we can convince ourselves and Indie.vc that this has potential, we will have a lot of confidence to execute. Can we reach a decision with Indie.vc before Sustain (#920)? It would be great to bring that confidence with us, even if we're really just getting ready to start implementation. |
I've staked out backthestack on Twitter. |
Just popping in to say that "Back the Stack" is a great name! You all are visionaries and I am on a perpetual quest to limit scope so I might not have the best ideas for what you're trying to do. |
Chat w/ @BenJam in the Libraries.io slack:
(P.S. "I’m happy to be quoted on /most/ things on this channel, with the context that it’s an unedited stream of consciousness rather than a well thought out and practiced point of view" :) |
Alright! Per #948 (comment) and #987 (comment), this idea met with a weak reception when we presented it to Salesforce and others. By contrast gratipay/gratipay.com#1153 generated some excitement. Therefore, I'm closing this so we can focus on that. !m * |
When we first launched five years ago we ran a campaign called Back the Stack. It's time to run another one.
Open source is in a tragedy of the commons, and there are only two ways to fix a tragedy of the commons: taxation (force) and social pressure (persuasion). We don't have tax authority … so let's try social pressure! 😁
Right, so pain is one option, but it might … backfire (shall we say) … if we were to go so far as to manufacture another Heartbleed. ;-)
How about pleasure? Gandy killed it with FA5. If he can raise $1M for FA on Kickstarter, shouldn't we be able to raise at least $1M for the whole of open source using a similar methodology (timeboxing to manufacture urgency, professional video, perks)?
What would it look like to scale crowdfunding up to corporate scale? Instead of 30 days, six months. Instead of $100,000 as the initial target, $1,000,000. But still stick with the assurance contract: if we fail to reach $1,000,000 in six months, everyone gets their money back.
Original
Reticketed from #987. @clone1018 and I have been talking about this here in Austin (#948), time to get something down here.
We envision a new product called Round (cf. Bountysource Salt vs. regular Bountysource) starting with a one-off manual #dothingsthatdontscale.
Gratipay Round is an expansion of the fundamental Gratipay process to take place over the course of a year instead of a week—at corporate scale instead of individual scale. It's like one giant payday where we aggregate a lot of money at once from as many companies as we can get, and distribute it in one big lump sum to each project. The name comes from the concept of a funding round in venture capital … we propose to "raise a round for open source." Round up! 😁 A round for opensource! Raise your glass! 🍻 Gratipennies are round!☺️
First we recruit one or more companies and one or more project maintainers as launch partners, then we launch with a blog post and a landing page at gratipay.com/round. The process itself proceeds in six phases:
That's the basic idea. Gonna see if we can get in some conversations with relevant people here this week—can we find any launch partners? How does it look from over there?
The text was updated successfully, but these errors were encountered: