Advertising became the default business model on the web, its entire economic foundation, because it was the easiest model for a web startup to implement, and the easiest to market to investors.
Very few sites make any real money from advertising. Most startups use advertising in a different way. Their revenue source is "investor storytime".
Most online ads aren’t worth very much. Of course, that's a feature not a bug...
I think setting the rate floor at what your local loan-fund CDFI (like the #Cooperative Fund of New England) is paying on their social investment notes (currently 2%) is one thing that makes sense.
On birdsite? Plz go RT this. 😎
Hi everyone, I just joined Social.coop as a paying member. I'm the founder and Executive Director of Shareable.net, a solutions journalism nonprofit that reports on innovations that spread wealth, build civic culture, and help people share resources. Shareable helped catalyze the #platformcoop trend with our coverage. Thank you to everyone that set up Social.coop. I look forward to sharing and learning with you. #introduction #socialcoop
Some #startup called #Rumor is claiming to be the "First People-Owned #SocialMedia Company". Which is strange, since I seem to be writing this toot on the #socialcoop #mastodon instance, but I might be hallucinating.
If you want to help drag their #ownershipwashing @$$es on #birbsite, RT this thread: https://twitter.com/coopwatercooler/status/895708027537342465
And we're updated! You can read about changes here: https://medium.com/@Gargron/m-for-mastodon-4269c0bf6c8b
Only 1 min of downtime for a change :)
Okay, #SocialCoop, the draft bylaws are now ready for consideration by the full community in Loomio: https://www.loomio.org/d/tB5wveTb/is-this-our-first-official-bylaws-
Social.Coop CoC Show more
The 1st step of #SocialCoop's #CodeOfConduct development passed! We approved using the International #Cooperative Alliance's statement of #Coop values as our starting point & will be asking for more input soon!
"Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others."