Hi. Austin from Ampled here.
I’m concerned some basic information I can’t find on the Coil site. Maybe I’m missing something?
- How is the money actually distributed from the pool? What is Coil’s revenue model?
- Who owns Coil? Is there an exit strategy? We’d be uncomfortable trusting monetizing our site through an opaque privately owned company that has enough resources to offer large grants, but not to put some explainer videos on its site.
I’ve dug in for hours (on youtube, searching through Google/ crunchbase, and youtube videos) and can’t find this basic information.
Also, the I know that part of Coil’s value proposition is to address subscription fatigue, but isn’t monopolization and consolidation on the internet worse? What does success for Coil look like? All internet users paying Coil $5 a month and then distributing it with a comparable level of transparency? I’m not sure that sounds like a healthy internet ecosystem.