Winding down S.E.M Tech on Open Collective
Published on August 21, 2026 by Rowow
Hi Tom,
Thank you so much for supporting S.E.M Tech. Your generosity meant a lot. I've decided to close this Open Collective project, and I'll be issuing you a full refund of your $250 contribution shortly. You should see it back on your card within 5-10 business days.
For a bit of context: Open Collective requires payouts to go to a personal bank account rather than a business account, which would complicate things on the tax side. The platform fees also turned out higher than I expected, so I don't see this as a feasible way to scale funding to the level I envision for the project.
Thanks again for supporting S.E.M Tech. I hope you will continue to follow the project on my other platforms like YouTube, Patreon, GoFundMe, etc. I liked the expense tracking aspect of Open Collective and will review alternative solutions.
Thank you so much for supporting S.E.M Tech. Your generosity meant a lot. I've decided to close this Open Collective project, and I'll be issuing you a full refund of your $250 contribution shortly. You should see it back on your card within 5-10 business days.
For a bit of context: Open Collective requires payouts to go to a personal bank account rather than a business account, which would complicate things on the tax side. The platform fees also turned out higher than I expected, so I don't see this as a feasible way to scale funding to the level I envision for the project.
Thanks again for supporting S.E.M Tech. I hope you will continue to follow the project on my other platforms like YouTube, Patreon, GoFundMe, etc. I liked the expense tracking aspect of Open Collective and will review alternative solutions.