Subvert: Why we turned down $200,000
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These are news from a month ago but maybe still interesting here?
Why we turned down $200,000
Integrity is expensive. Selling out costs more. We just had our first real test of integrity as a company. It cost us $200,000. An investor committed funding to Subvert. Then, they began to push for concessions. They wanted us to restructure our democratic governance model to give investors permanent
Subvert — The Collectively Owned Music Marketplace (subvert.fm)
It also contains an update of the governance structure of this company also aiming to become "a collectively-owned Bandcamp successor".
