Open Collective Investors Update Spring 2025
Published on April 29, 2025 by Xavier Damman
As always, we publish openly our investors update. So here is the latest one that we shared earlier this month.
Dear investors,
Dear investors,
Quick update to start Spring 2025.
- š§¹ Housekeeping (Cap table update, Asset Transfer Agreement)
- š Where are we going? Masterplan
- āļø New tool released: TxInfo.xyz
- š° Fundraising: Gitcoin round + Octant round (help needed)
š§¹ Housekeeping
Captable update: Youāll find on Carta the latest cap table that reflects all the changes that happened at the end of last year (if you canāt access it, let me know and Iāll send you a copy). TLDR, in terms of fully diluted ownership, I now personally have 26.8%, other common holders have 9.1%, Bloomberg Beta has 11.99%, other preferred have 19.5% and there is now 32.6% unallocated.
Asset Transfer Agreement: We will send in the coming days a docusign to sign the finalized Asset Transfer Agreement to officialize the transfer of the current version of Open Collective to OFiCO, the non-profit started by Pia Mancini (former CEO) and FranƧois Hodierne (former CTO). This transfer makes sure that our current user base gets to control the version of the platform that they depend on, while enabling Open Collective Inc. to develop a new web3 version (and keep the brand and domain name). OFiCo has already started ensuring the maintenance and continuity of the current version of the platform since October 2024 and itās been going very well so far.
š Where are we going?
Our mission is to make communities the new base economic unit for this new Age of Regeneration.
Companies were optimized for competition and performance, they served us well. They thrive in their Yang energy. They have a clear single focus, a single optimization function: growth. Like a road bike, they are fantastic, high tech, but fragile. They also tend to deplete their environment (natural and human resources).
Communities are a different animal. Communities thrive with a balance of both yin and yang. In a community, self-discovery > self-improvement. Individuals need to complete each other, not compete with each other. They donāt pursue a single metric. Like a mountain bike with suspensions, they are much more adaptable to a changing environment. They offer a resilient and regenerative environment for #DeepAdaptation.
The mission of Open Collective is to provide a home for those communities. Think GitHub for open communities that do more than just producing software.
The issues that we are trying to solve:
How can we help communities recognize yin contributions? (not only financial contributions)
How can we help surface everyoneās role, needs and requests? (to create more interactions within the community)
Those are the questions that we keep close as we are building the new version of Open Collective.
If you are part of a community and resonate with some of those issues, please share!
Masterplan:
- Create a new web3 version on opencollective.xyzĀ
- Create a DAO to manage it
- Issue a token (airdrop to past investors and contributors + continuously reward new contributors)
- Dissolve the company (replace it with a DUNA as a legal wrapper for the DAO ā do you know anyone who could help us with that?)
- End goal: a community owned platform where all financial and non-financial contributors are properly rewarded and represented, with a board of stewards.
āļø New tool released:Ā
We built this standalone tool to annotate any blockchain transaction: https://txinfo.xyzĀ
It turns a cryptic etherscan transaction list into a human readable version.
Itās a building block for the new Open Collective as our goal is to provide transparency around the funding and expenses of all those DAOs / collective that operate on-chain.
Itās using the Nostr protocol (the new decentralized social network supported by Jack Dorsey). No backend, anyone can use it, integrate it, or develop AI agents to automatically annotate transactions.
š°Fundraising:
We are raising funds with the crypto community with Octant and Gitcoin to fund the development of the new platform. If you are familiar with those fundraising platforms, please vote for Open Collective as every vote can make a difference. The more different people vote, the larger the allocation of the corresponding matching pool.
Gitcoin: you can vote till April 17th 2am CEST https://gitcoin.opencollective.xyzĀ
Support also txinfo.xyz: https://explorer.gitcoin.co/#/round/42161/867/129Ā
Octant: you can vote from April 11th till April 25th (you must have some GLM tokens)
Current cash position
USD: ~$408k (including 25 ETH ~$40k)Ā
Burn rate: ~$20k/month (including $12.5k/month for supporting the legacy version of opencollective.com)
Other updates
We did a great Open Collective Meetup during FOSDEM, the largest open source conference that happens every first weekend of February in Brussels. Recap on LinkedIn.
Working with Cuiki, the original designer of Open Collective, Kris, DAO expert and my partner Leen, facilitator and community weaver, on the new version.
šļø Did a podcast for the SuperNova conference where I shared about my entrepreneurial experience so far and whatās next: the need to rebuild communities and give them the tools to develop their own internal economy (Spotify, YouTube).
If you donāt already, follow Open Collective on LinkedIn: https://linkedin.com/company/opencollective
Or on Nostr:
Or on Nostr:
nostr:npub1hsr6x2zhw3y6zzndcfel0xwcckkhf05w2ghnulelsppcruq4c3qqzv5whg
As always, donāt hesitate to reach out if you have any questions.
- Xavier