This modest proposal is a response to the Thursday 3rd May meting with Catalyst and OuiShare. This is just a proposition about HOW to manage project financial. I used kickstarter as a reference. In this situation, there are 8 to 10 people in the core team,and 30 in the overall team. There is 15000€ of initial funding. 100€ virtual money is given to everyone each month.
My idea was something like kickstarter pledging, but finally, we kept the idea of a poll with « yes » and « let’s talk about it » so there’s gonna be a lot of discussion, and unwanted project funded. I prefer the idea of autonomy. Of course every person has the same amount of virtual money, refreshed every month. If someone really wants to do a project, he has to convince other people to pledge for him. The “consensus mou” problem is solved. If someone is willing to discuss about it, why not, but there needs to be at least 5 people voting “let’s talk about it” to do so. We could imagine a new page on the website named QuickProject and another one named BigProject.
The difference would first be the proportions: for QuickProject, 72h deadline is perfect, while 1 week is better for BigProject. The budget for everybody would be 100€ for example. 70€ would go for Big, and 30€ for Quick, so that there won’t be project unfunded because s.o wants to pledge on his project. It would also be forbidden to pledge all the budget (Quick) in one project. There is a minimum of 1 big and 2 small projects pledged. As there is an information paragraph under every project (minimum 200 words), nobody is left on the side, everybody is a least a little aware of what’s going on. If s.o doesn’t pledge all his money, he loses it, but it doesn’t matter because we’re talking about virtual money. If someone doesn’t pledge his 3 projects, he has a penality of 10% on the total of his budget. If the next month he pledges everything, he’s given the money back for the upcoming month. If he doesn’t, again 10% of the original budget. After 3 times or maybe 5, there should be a report, and a discussion on “does this guy has his place here ?” someone who doesn’t pledge and who doesn’t obey SIMPLE rules can stay in this coop ? In the same way, s.o who doesn’t get the necessary pledging for more than 2/3 of his projects a month should also get 10% away for next month. Maybe ¾ is a better ratio. This rule only applies to people who create more than 10 projects a month. Keep in mind that if s.o doesn’t get pledging for 8 projects and only for 2, he’s a bit out of tune, isn’t he ?
Coming back to the pledge, the minimum amount is 1€ and maximum is 7€, as a project is minimum 15€ and max 50€ or 75€ . I also believe a project must be pledged by a least 3 people, but anyway with the maximum pledge amount I decided, it’s simply impossible to be only 2. If the amount is over expectation, the algorithm lower the pledge of the last pledger, as it is too complicated to give more than expected, like when buying s.t that cost 25€, it’s no use coming with 30€ right ?
With 70€ per person and 30 people, the ever possible amount would be 2100€. But there are things that cost a lot more, like 5000€. For big projects, u can pledge all ur money at once. If u do that, it means you are very interested in the project. So the program writes under the pledging bar, “X really want the project to be achieved. If a certain amount of people (like 15/20) pledged all their remaining money (above 25€), the program says “enough people are okay with the project to use the funds. At that point, the program takes money from the funds and basically put it in the project so that the objective is completed.
Minimum budget for Big is 50€ or 75€ depending on the above decision. Max doesn’t exist, or it depends on how you want to use your funds. For this situation, it could be around 4000, as you just received 15000€ from Lille Metropole. Minimum pledge is 25€, max is 70€.
One last thing: before anyone can see the project, one of the “bosses” (who are administator of the website) must say yes or “let’s talk about it”. this is because it’s about big amount of money. This might give too much power to the “bosses”. That’s why if he says no, the program makes him write an email to the creator, to say why it isn’t accepted. If there ain’t any agreement found, the project pledging is launched, saying this project was disapproved by boss X.
giving the money/
For Kick, the creator of the project gets an email with some kind of paypal receipe number in it (given by the website program) coming from the bank account where the funds are. An email is sent to the bosses, saying “X has enough money, his project XX will happen the XXX at XXX. The news can also be twitted by the community manager, but no email, cause there would be too many. When this is done, at least 3 people must go back on the website an tick “this project was achieved and no fraude was verified” there is a 48h deadline after the date of the event, written in a special field in the online description. There is also the possibility to tick “the project wasn’t meeting our expectation” and “the project was a fraude”. If more than 3 people tick “expectation” he can’t create project during the next month, whatever it is.
If only one, just one says “fraude” he will be contacted by one of the bosses by phone, in order to establish a real contact. If it’s an error or lie, blame. at first 50% off his next budget, in case of recidivism, he won’t be able to create projects for 1 or 2 months and can’t pledge ANY money. If there is a third time, he ‘s fired.
For Big, one of the bosses must do the buying or organizing, with the project creator.
Bosses have credit card of the funds.
There is also the same ticking option..
1/ people might feel a little under pressure, but a beautiful and easy website and easy pledging options would make things easier. And a newsletter (Mail/Twitter/FB) would help people to be aware of what’s going on.
2/regarding the money, I don’t know much about these kind of things.
let me know what are the disadvantages of this Perfect system 😉