We’ve recently featured Coopfunding, an Open-Sourced crowdfunding platform designed to “…promote the financing of projects with a social, self managed and cooperative nature.” Today we present a guest article by Enric Duran, one of the developers behind Coopfunding and its parent-project, the Catalan Integral Cooperative, explaining the reasons that led to the creation of Coopfunding. This article was originally published in Radi.MS
The expansion of crowdfunding in the last few years has been quite vertiginous.
Hundreds of projects have been able to get off the ground around the world coming from very different backgrounds but united in the aim of creating a link between donors and the projects they sponsor.
Crowdfunding, for its practicality and usefulness, has expanded without any ideological limitation and while it served to finance many social projects it has also supported more conventional initiatives based on consumerism and business as meant in the capitalist system.
In this way, more traditional fund raising events like benefit gigs and have been overlooked, and we should take in to account that with the crowdfunding model we are at risk of leaving the financing of social initiative in the hands of unscrupulous business which, through the management of crowdfunding platforms, are making the same profit that any middle man would make in an ordinary business transaction, through the charge of commissions which range between 5% and 10% of the donations received. Crowdfunding platforms like Kickstarter and Indygogo have already made profits in the millions region. Continue reading