Allowing the PaganSpace community to have the decision making power of the people who run it...
Below will detail information on contributing members to include: Overview, What you get from being a contributor, available paying positions, current available positions, how to apply, what happens if those elected into a position do not do their job or do not meet the needs of the site & lastly, what happens once the goal amount is met.
Overview from the Founder Starr Price:
Following a recent announcement regarding the desire to sell PaganSpace I came to the conclusion that the best way to assure the future of PaganSpace is to give it back to the community thus allowing PaganSpace to be placed into the hands of the community who helped bring it to where it is today.
I have personally invested thousands of dollars and thousands of hours to manage and continue to help bring PaganSpace to where it is currently, which is a thriving and growing community filled with members from all over the world encompassing every belief.
Unfortunately, I cannot simply give PaganSpace back to the community without the community funding the buyout because PaganSpace has been not only my passion but also my full-time job for over 4 years and a major source of my income, which I will obviously lose when managing contributors take it over.
When I made the announcement weeks back I explained PaganSpace's worth based on traffic, member count and income to be $100k (some estimates are higher). I as the founder am going to retain a 10% position on the board of directors, which will take the site estimate to 90k plus an additional 5k to help cover the payment processing fees & taxes, which will be approx 15k.
What does this mean for contributors:
A private invitation only group called Contributors of PaganSpace has been created for all members who monetarily contribute to the buyout.
All $5 & up contributors will be invited to the Invitation only PaganSpace Contributor Group where all community member contributors will have a vote on the future endeavors, a chance to be on the board via one of the 8 paying positions as well as decide who the current and future management of PaganSpace will be. Please note: If someone is elected and they do not fulfill their position they can be voted out by the board or challenged by another contributor for the position. Please read everything below:
The management positions will be voted on by the community contributors only (ie: you) and contributors will be the only ones who can run for the various open positions (currently 8). All available positions are paid positions ranging from 5%-25% of the sites net income and includes a seat on the future board of directors of PaganSpace, Inc. (which will be formed by May 31, 2012 after the polling votes are completed).
How do I apply for a position?
If you wish to apply for one of the 8 available board positions which will include you on the board of directors then please read everything below.
Submissions for the positions will begin immediately and the online submission forms are located within the private group that you will have access to, all submissions received for the positions will be placed up for contributor voters to review to aide in their decision making process (note: no personal identifying information will be placed up aside from your background skills (company names will not be included), why you wish to be elected, your PS username & page profile url). You can even campaign for your positions via your blogs & groups etc. (not forums).
Voting will begin May 6th (approx 90 days after this commences) to fill the 8 open positions within PaganSpace and voting will last for 7 days.
Since the board members will be paid positions there is a threshold minimum contribution needed for potential board of director positions. Contributors of the following amounts will be able to apply for the current available positions and be included in the polling:
Current Available positions:
Community Manager: (1 open position) will also be appointed as CEO of PaganSpace Community Inc. and will receive 25% of the sites net profit. Minimum Contribution to apply $500
Website Administrators: (3 Open Positions) will be on the board of directors and each admin. will receive 5% of the sites net profit. Minimum Contribution to apply $50
Advertising Representatives/Managers: (2 Open Positions) will be on the board and receive 15% each (30% total) of the sites net profit. Minimum Contribution to apply $100
Accounting Manager: (1 Open Position) will be on the board and receive 15% of the sites net profit. Minimum Contribution to apply $100
Graphic Design & Tech Manager: (1 Open Position) will be on the board and receive 5% of the sites net profit quarterly. Minimum Contribution to apply $50
Click here to read an overview of the open available positions. (will open in a new window)
What if those elected into a position do not do their job or do not meet the needs of the site?
You can click here to read the full announcement with all the information on positions. Yet, to simplify the answer, the board members with a majority vote can start a new election process at anytime if the majority feels a replacement is merited. The contributors will be notified and they will vote on a replacement (the current position holder will be able to run in the re-election to try and maintain their position).
Also, positions can be challenged by contributors who meet the threshold amount for the position challenged but challenges can only happen every 3 mos or 6 mos depending on the position (the link provided above gives more detail).
If a position is filled by another contributor, the former board member will be paid any monies due to them within 30 days. They will remain a contributor and will be able to challenge and be included in future polling for the position they lost if they so wish.
So, to sum it up if someone doesn't do their job they can be replaced by the community contributors.
All current and future Positions will be decided via polls voted on by PaganSpace Contributor Group Members Only.
What happens once the goal amount is met?
Once the goal amount is reached any new contributors that come in after the buyout is completed those funds will be directed to the site's account verses my account. This will allow for the continuation of maintaining that the future contributing members will be assured a vote, can challenge and have an opportunity at being elected into a given position.
More information: Become a Contributor