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I'm a participant in a community that explicitly refuses money from outside its membership. If that means we can't grow fast, or have fancy digs, so be it. The reason for that, is to avoid having influence from outside. Even "angel" investment can be problematic, as the "angel" has the ear of the leadership. I have found that even well-meaning outsiders can have highly destructive influence, because they don't understand the culture and they aren't the ones on the hook, if things go pear-shaped, as opposed to the ones that have a real, personal, stake (like all those Ello users, who lost so much). |