No Platform Landlords
Digital platforms take away agency from the business owners, pressuring them to follow in lockstep rather than pursue their own creative whims.
Kyle Chayka • Filterworld
Ampled is structured as a platform cooperative, whereby all artists, fans and company workers co-own the platform on a "one-person, one-share, one-vote basis." The company's relationship with investors is also structured as "revenue-based financing" — a model in which investors inject cash into a business in exchange for a small percentage of top-l... See more
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Web 3 & When Platform Participants Become Platform Owners
NFX • Li Jin on The Passion Economy & Its Hidden Currency
Ampled is a Patreon-like subscription service for musicians structured as a co-op. As a co-op, Ampled is completely owned and controlled by the musicians who use it and the workers who built it. Ampled is initially funded through debt instruments that give investors zero equity and that cap financial returns at 3x their investment