Should terms of Phase 2 be disclosed to users before a Bcorp transition? (blog.couchsurfing.org)
Funding round of 7.6m$ from some people expecting to have them back automagically multiplied...OK.
People possibly reducing their donations [for a for profit org starts to sound like donating to google, and people tend not to] , the current only income of CS...OK.
Announcement of no ads on the website...OK.
Just one big question about the model...where the heck will CS collect money from? Sounds like a bunch of underpant gnomes conquered the CS SF headquarters: the 3m users better start to firmly lock their bedrooms' windows and drawers at night...
But I guess that in order to raise 7.6m you need a draft of a Buisness Plan...
So...bottom line: it is my opinion the Casey Fenton & Co.'s strategy of keeping on not disclosing - or being cumbersomely vague about - their Phase 2 to Couchsurfers - CS's only VCs until these 7.6m - is a poor way of doing, hope it won't drag this whole fermenting community down at a much faster pace it took to come to this point.
Cheers,
Mahesh
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