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
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Ā Great update! Excited to see the progress and future plans. Keep up the good work! Also, looking for insights on ą¤ą¤Ŗą„ą¤”ą„ą¤ą¤ø ą¤¬ą¤æą¤¹ą¤¾ą¤° (EPDS Bihar) if anyone has updates. Thanks!Ā
Great update! Always appreciate the transparency and progress shared. Excited to see whatās nextākeep up the momentum! P.S. If youāre exploring digital tools, the Digishakti Portal might be worth checking out for streamlined workflows.Ā
Great update! Excited to see the progress and future plans for Open Collective in Spring 2025. The transparency and community focus are always appreciatedĀ tafcop portal comĀ
Ā Just voted for Open Collective on Octant/Gitcoināevery vote counts! Letās boost the matching pool for this awesome project. š #EposBiharĀ
Ā Thanks for sharing the Spring 2025 update! Excited to see how Open Collective continues to grow and support communities. Also, as someone interested in grassroots initiatives, Iād love to hear more about how platforms like this can empower local groups like Odisha Sams. Keep up the great work!
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Ā Thanks for sharing the Spring 2025 update! Excited to see how Open Collective continues to grow and support communities. Also, as someone interested in grassroots initiatives, Iād love to hear more about how platforms like this can empower local groups like Odisha Sams. Whether it's funding a community event or setting up a shared space with essentials like a salon chair, platforms like these truly make a difference. Keep up the great work!Ā
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"Thanks for sharing the Spring 2025 update! Exciting to see the progress and future plans. Looking forward to more updates. #SamsOdisha"
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"Thanks for the info! Could you clarify if the Log Analytics search REST API is enabled for government use? Also, any details on integration with the jan suchna portalĀ would be helpful."
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Thanks for sharing the Spring 2025 update! Exciting to see the progress. By the way, has anyone explored integrating Open Collective with land record systems like the dharani portal Could be an interesting use case for transparent fund management in public projects!
Ā Great update! Excited to see Open Collectiveās progress in Spring 2025ākeep the transparency and community focus going. Btw, for anyone into collaborative projects, the Simp City Forum has some cool discussions on similar topics.
Thanks for sharing the Spring 2025 update! Always great to see transparency and progress. Looking forward to more insights. #OpenCollective #AEPDSBihar
Ā Great update! Excited to see the progress and new initiatives. As a supporter, Iām especially curious about sustainability effortsāmaybe even exploring eco-friendly alternatives like grass-fed beef tallow for events or merch? Keep up the amazing work!
Ā Great update! Exciting to see Open Collectiveās progress in Spring 2025. Transparency and community-driven funding are so important. On a side note, has anyone here tried Stallion Tablets UK? Heard theyāre gaining traction for wellness support. Keep up the amazing work!
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"Thanks for the Spring 2025 update! Excited to see the progress. Also, as an educator, Iād love to see more resources like Maths worksheets integrated into community projects. Keep up the great work!"
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Great update! Love seeing the transparency and progress. Keep up the awesome work!Ā Ā papa du streamĀ
Ā "Thanks for the Spring 2025 update! Excited to see Open Collectiveās progress. Btw, has anyone tried the Aayushman Card Download process? Would love to hear experiences!"
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Ā Great update! Always good to see the progress Open Collective is making. As someone who manages a WordPress maintenance project, I appreciate how transparent and community-focused you are. Looking forward to future developments!
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Ā Great update! Excited to see Open Collectiveās progress in Spring 2025. The focus on transparency and community growth is always refreshing. Curiousāhave you explored Google Ads for broader outreach? Keep up the amazing work!
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"Thanks for sharing the Spring 2025 update! Itās great to see Open Collectiveās progress and future plans. As someone interested in Search Engine Optimization (SEO), Iād love to hear more about how youāre optimizing visibility for collective projects. Keep up the great work!"
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"Thanks for sharing the Spring 2025 update! Excited to see how Open Collective is growing and supporting more communities. Also, couldnāt help but notice the ājinx of the main characterāāsounds like an intriguing story behind that! š"
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The documentation for enabling the Log Analytics search API for GCC High was very clear, thank you. We'll be implementing this to track beneficiary data for the Subhadra Yojana scheme as part of our compliance auditing.
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The documentation for enabling the Log Analytics search API for GCC High was very clear, thank you. We'll be implementing this to track beneficiary data for the Subhadra Yojana scheme as part of our compliance auditing.
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This is a fantastic and transparent update, thank you! Itās great to see the clear progress and future roadmap. I was just reading this while enjoying a delicious lunch of heirloom tomatoes and <a href="https://burrata-cheese.com/">Burrata Cheese</a>ākeep up the great work
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Great update! It's encouraging to see the focus on sustainable funding for open-source projects. I'm also interested in how platforms like Open Collective ensure transparency, similar to the data accountability you see on a portal like https //udiseplus.gov.in. Keep up the good work
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