[Chaoss-Board] CodeFund Podcast Network => Rebase.fm

Thu Jul 9 14:06:51 UTC 2020

Thank you,

I created a PR to update our handbook.
* Rename CPN to Rebase.fm
* Removed the contribution to Outreachy.

https://github.com/chaoss/governance/pull/225 <https://github.com/chaoss/governance/pull/225>

Best,
Georg

> On Jul 9, 2020, at 8:33 AM, Brian Proffitt <bproffit at redhat.com> wrote:
> 
> +1 to Matt's recommendation.
> 
> BKP
> 
> On Wed, Jul 8, 2020 at 3:33 PM Matt Germonprez <germonprez at gmail.com <mailto:germonprez at gmail.com>> wrote:
> Thanks for the update Georg, 
> 
> I think that the amount of revenue that was being generated is now best served to help in the podcast production. I have no problem with this change. 
> 
> Matt
> 
> 
> On Tue, Jul 7, 2020 at 6:36 AM Georg Link <linkgeorg at gmail.com <mailto:linkgeorg at gmail.com>> wrote:
> Hi CHAOSS Board Members and CHAOSScast Organizers,
> 
> For CHAOSScast, we partnered with CodeFund Podcast Network. The parent, CodeFund, is shutting down but the network may continue to exist as Rebase.fm <http://rebase.fm/>. See details below.
> 
> I hope that this plan works because the network has been very helpful for operating CHAOSScast.
> Without their help, we would not be able to make money through advertising, considering our low download numbers:
> 
> Episode	Title	Published	Downloads
> 7	Your Community Story with Jono Bacon <https://chaosscast.fireside.fm/admin/metrics/episodes/d74faed4-25a1-418a-bbd8-627bc921fed1>	7/3/20	33
> 6	CNCF, DevStats, and TODO Group with Chris ... <https://chaosscast.fireside.fm/admin/metrics/episodes/44856a8e-48b0-47fc-a0f7-b29d850dad43>	6/26/20	56
> 5	Defining “Open Source Community Health” <https://chaosscast.fireside.fm/admin/metrics/episodes/1f648b7f-e7a5-4eb2-b4e4-3948c5718cc9>	6/19/20	87
> 4	GrimoireLab <https://chaosscast.fireside.fm/admin/metrics/episodes/1dd6d39a-c0d8-4324-91dc-18c010f946db>	6/12/20	47
> 3	Augur <https://chaosscast.fireside.fm/admin/metrics/episodes/2244b76d-a4c5-4476-ac68-cedb28b65ae9>	6/5/20	50
> 2	Social Currency Metric System (SCMS) <https://chaosscast.fireside.fm/admin/metrics/episodes/30a2c393-2b45-4baa-bba5-35265fbfd67a>	5/29/20	73
> 1	"Hello, World!" <https://chaosscast.fireside.fm/admin/metrics/episodes/cb9ff8ae-4676-4aa7-9474-5cf688ba22ef>	5/1/20	147
> I asked Eric if we can have at least a little revenue share to pay for the thank you notes we are sending to guests but otherwise I would be okay with giving up the revenue share to retain the support of the network.
> 
> Thoughts? Opinions?
> 
> Best,
> Georg
> 
>> Begin forwarded message:
>> 
>> From: Eric Berry <eric at rebase.fm <mailto:eric at rebase.fm>>
>> Subject: CodeFund Podcast Network => Rebase.fm <http://rebase.fm/>
>> Date: July 6, 2020 at 8:25:36 PM CDT
>> To: [snip]
>> Cc: "paul at peachtreesound.com <mailto:paul at peachtreesound.com>" <paul at peachtreesound.com <mailto:paul at peachtreesound.com>>
>> 
>> Hi all,
>> 
>> tl;dr: CodeFund is shutting down. We are migrating the podcast network to our new company, Rebase.fm <http://rebase.fm/>. We could use your feedback.
>> 
>> I hope you don't mind me emailing you all together. I think it's good to open up discussion, and maybe email is the best format. As you may know, CodeFund is shutting down. It was an amazing 3 years of funding open source projects, and overall we were able to pay out over $670k to developers all over the world. We are very proud of this accomplishment and are sad to see it shut down.
>> 
>> During our negotiations with Consensys (the parent company that is retaining the rights to CodeFund), we were able to get a verbal agreement where we can carry on the podcast outside of the Consensys umbrella. Considering we have already sold ads for all podcasts through the rest of this year, it made sense to continue running the podcast network on our own.
>>  
>> We (Nate Hopkins, Andrew Mason, and myself) are launching this new network under the brand Rebase.fm <http://rebase.fm/>. We believe the name really represents us and the network. We are integrating new patterns and better business practices into an existing network. We want you all to be a part of this rebase that’s about to occur.
>> 
>> Before going any further, I want to share with you the financials of the business. Each podcast costs us $139 for editing and show notes (thanks to a VERY generous discount by Peachtree Sound). We have paid $125 per episode into each of your respective collectives. We are paid $500 per episode by Linode which we invoice at the end of each month. This contract with Linode was with CodeFund, but we are *hopeful* that they will extend the same contract to the new company. In the past, we did not have to pay to advertise the network because we placed ads with CodeFund. Since this is going away, we no longer have a free marketing plan.
>> 
>> $500 (Linode)  - $139 (editing/notes) - $125 (rev share) = $236 per episode
>> 
>> As you can see, the remaining revenue is not a lot. The $500 price tag is high for any podcast given the listenership we have. Typical rates <https://www.advertisecast.com/podcast-advertising-calculator> are between $18-25 for every 1,000 downloads (last month all shows combined had 11,746 downloads).  Linode has been very generous in paying us this amount for new, unproven podcasts. If they pulled out, the whole ship would sink.
>> 
>> Our first goal is to make sure we do right by Linode, as well as take advantage of this opportunity they have given us. Our plan is to re-invest all revenue after costs into advertising. If we do this, the podcast listenership will continue to grow rapidly. Once each podcast has grown sufficiently, we will be able to charge premium prices for mid-roll advertisements.
>> 
>> Given that there is risk involved in running this business (time, money, etc), we would like to propose a temporary pause on revenue share per episode. We really need that money to grow this business properly and give you a secure home for your podcast(s). Once we get your respective podcasts audience large enough, we will resume revenue shares based on mid-roll sales. This will limit the risk to us and will also allow us to grow without net losses on episodes.
>> 
>> In return, we promise that we will continue to keep you all in the loop on our progress. We will never ask you to have ads on your podcasts that are irrelevant to the audience or that you personally dislike. I also promise to you that you own the podcasts. If for any reason you decide to remove your show from this network, you will have our blessing. However, our hope is that if we do right by all of you, you will stay with us.
>> 
>> Thank you all for being part of what I believe will become the greatest podcast network ever for the open source community.
>> 
>> Your friend and partner,
>> 
>> Eric Berry
>> eric at rebase.fm <mailto:eric at rebase.fm>
>> PS. I’ve attached some mockups of the new website we will be launching soon. Any feedback is very welcome.
>> 
>> PSS. We will be moving off of Slack and into a new Discord server. This will save us money and allow us to grow the community without having to pay the “slack tax”. Invites will come soon.
>> 
>> PSST. You will be receiving communications from Nate Hopkins as well.
> 
> 
> 
> --
> Georg Link
> (he/him)
> 
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