kuro5hin.org || technology and culture,
kuro5hin.org || technology and culture, from the trenches: "Over the course of past week, I've seen a lot of explanations both here and around the net of exactly what we were raising money for.
I think the clearest way I can put it is: you just purchased Kuro5hin.org.
I wish I had put it this way to begin with, but even I was a little (probably more than a little) muddled about what the exact transaction here was. Simply put, it was this: If you collectively contribute enough money for me to live on for the next few months, I will contribute my equity in and ownership of Kuro5hin.org, do a lot of legal work, and what we'll end up with is a nonprofit organization that will own and operate the site in perpetuity, and hopefully become a strong base of support for collaborative media in general."
Interesting approach, and maybe a model for popular yet free sites?