Open Collective is a New, Transparent Way to Fund Open Source Projects

Open Collective is a new service that aims to make it easy for individuals, groups, and organizations to raise money in a transparent way. Although many projects have communities ready to offer financial support, the paperwork, taxes, and accounting involved in collecting money under the proper legal entity can be a nearly insurmountable hurdle.
“So far, the Internet has been very good at helping people do things together,” Open Collective co-founder Xavier Damman said. “But once it involves money, there is no good solution. Creating a new legal entity is too much overhead, too early....

Read the full content here