Loomio
Tue 28 Nov 2017 6:23PM

Crowdfunding Platform

JD Joaquim d'Souza Public Seen by 67

This is to discuss setting up and using a crowdfunding platform to pay for the running and development of CoTech.

Proposal here: https://www.loomio.org/p/JdEslGIM/cotech-members-should-be-able-to-propose-and-crowdfund-projects-

JD

Poll Created Tue 28 Nov 2017 6:31PM

CoTech members should be able to propose and crowdfund projects. Closed Wed 29 Nov 2017 6:03PM

Outcome
by Joaquim d'Souza Fri 1 Dec 2017 11:27AM

There have been no critical concerns, so the CoBudget instance will be set up and used according to the guidelines set out here.

This is to cover mainly one-time costs, e.g.:

  • The bar tab at Wortley Hall;
  • A package of improvements for the CoTech website;
  • Hiring a network coordinator for three months.

But could also cover running costs, e.g.:

  • Hosting the CoTech website for a year.

The proposal is as follows:

  • Projects can be proposed by any co-op, even if the are unable to contribute funds.
  • Proposals have a kickstarter model of funding, so happen if they are fully funded and do not happen otherwise.
  • Proposals can be blocked by two vetoes. The number "two" was chosen because if a co-op has a good reason for their veto, they should be able to convince another co-op to join them (in vetoing the proposal).
  • Proposals must state how they would benefit CoTech and should be collaborative when possible.
  • Proposals must be SMART (Specific, Measurable, Actionable, Relevant, Time bound).
  • There is no central account or escrow – money is paid directly to the beneficiaries.
  • Proposals specify when payment should be made (e.g. before work begins, on completion of work, in stages, etc).
  • In case of conflict: parties should agree on a third party mediator. If no third party can be agreed upon, then the CoTech network must propose and choose this mediator.
  • We will use an open-source crowdfunding platform.

Results

Results Option % of points Voters
Agree 100.0% 8 AH G RW RB FLC DS BR SH
Abstain 0.0% 0  
Disagree 0.0% 0  
Block 0.0% 0  
Undecided 0% 103 JD V JA SWS RS DU ER MP HR SG AM M M KB MK CCC KB PB JT AW

8 of 111 people have participated (7%)

BR

Bradley Reeder
Agree
Tue 28 Nov 2017 6:56PM

Sounds good. The reasoning for 2 blocking votes seems sensible and could be picked up by the team formulating our general decision-making process.

RB

Roy Brooks Wed 29 Nov 2017 3:42PM

On which, .. with only Sion representing, GS would like to put a token £50 towards the bar tab for this year

SWS

Sion Whellens (Principle Six/Calverts) Sat 2 Dec 2017 2:54PM

V kind Roy! I put in £50 from Principle six too ...

AC

Aptivate Cooperators Thu 30 Nov 2017 1:02AM

Hmmm, the proposal was closed? Was this because it was accepted at Wortley Hall or? I agree with it and think it's a good proposal btw.