Continuing the discussion from Building consensus on crowdmatching options for a single goal:
Continuing the discussion from Defining controlled comparisons:
That question also came up in my discussion with @mray and i have an answer to it.
Since our missing is to fund FLO projects, more money is more important than a larger crowd. But we don’t want money at all cost.
- We don’t want a small group to reach a dollar goal (project depend too much on each patron)
- We don’t want a single patron to give so much that the project can’t afford to loose them
- Having a large crowd, but don’t accumulate enough money also don’t help the project
We can regulate it by adding limits to the amount patrons can pledge.
We discussed it before in Building consensus on crowdmatching options for a single goal, but maybe we can find alignment on it here.
My suggestion is:
- Minimum pledge is 1$ (less don’t make much sense for funding. people should rather contribute to few projects than to many with a tiny amount that don’t help. that limit has the consequence, that with a reached dollar goal of 1000$, you have up to 1000 patrons. we already have alignment on this, see Building consensus on crowdmatching options for a single goal - #11 by smichel17)
- Maximum pledge is 5% of dollar goal or 10,000$, whichever is less (so with a successfull goal, you have at least 20 patrons and can’t have patrons that donate more than 10,000$ when 5% is actually more)
The max would mean:
- With a 100$ goal, patrons can pledge up to 5$
- With a 200$ goal, patrons can pledge up to 10$
- With a 1000$ goal, patrons can pledge up to 50$
- With a 2000$ goal, patrons can pledge up to 100$
- With a 10,000$ goal, patrons can pledge up to 500$
- With a 20,000$ goal, patrons can pledge up to 1000$
- With a 100,000$ goal, patrons can pledge up to 5,000$
- With a 200,000$ goal, patrons can pledge up to 10,000$
- With a 1,000,000$ goal, patrons can pledge up to 10,000$ (5% = 50,000$ = more than 10,000$ limit)
- With a 2,000,000$ goal, patrons can pledge up to 10,000$ (5% = 100,000$ = more than 10,000$ limit)
A project can have buffer for loosing 10,000$ in the next month, but i think more would cause more trouble than having such patrons bring benefit. That might even be too high, but i think now 1000$ is too low.
Maybe projects can change that max amount if they think they can account for such high losses. But should snowdrift be a place where single people/organisations donate more than 10,000$ to a project?
I hope that we can agree on a max limit in this discussion.