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by vikramkr
846 days ago
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So OCI inc, the for profit, creates OCF, the nonprofit. The nonprofit isn't viable because the "business model is not sustainable with the number of complex services we have offered and the fees we pay to the Open Collective Inc. tech platform." And then this blog post on OCIs page regarding OCF's decision to shut down indicates the announcement "came as a surprise to us." What's going on here? The google doc with the foundation's announcement (https://docs.google.com/document/d/1odj1zfwqZgIyGOeBhv5QZxYH...) puts the blame on OCI's fees but OCI claims "The exact specifics of OCF’s decision to dissolve are not known to us. We have to trust that OCF had a good reason to do this." It sounds like OCI was making revenue off this nonprofit that they started by charging them an unsustainable rate and then is trying to not confront that directly in their statement. 600 groups affected by this dealing with implications with the IRS and tax paperwork - this is not a confidence inducing post from OCI or OCF |
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