Mack is the co-founder of Taproot Edmonton.
In the spirit of doing a better job of telling our own story, here’s an update on how part of our business has evolved since we started.
From the very beginning of Taproot, we’ve worked to avoid being dependent an advertising-supported business model. We started with membership as our first revenue stream. Membership is an effective way to align incentives – the better we serve members, the more of them we should be able to attract!
When we introduced our Roundups last year, we added sponsorship as our second revenue stream. We were inspired by popular newsletters from around the world that offer organizations an opportunity to display their brand inside each edition, to help make the newsletters sustainable. Sponsorship offers us another way to align incentives – the better we serve the community that sponsors care about, the more of them we should be able to attract!
The sponsors you see in our Roundups are supporters of the work we do and their financial contributions help to make our publications sustainable. The benefit they receive, in addition to ongoing brand awareness, is to be associated with something that (hopefully) is making a positive impact in the community they care about.
We have three types of sponsors. Title sponsors make the largest financial contribution and so receive the largest benefit, with their logo in the top and bottom of each edition, on our website, and special mention on social media. Our Cultivators are the square logos you see inside each edition. And on occasion we will promote relevant events through ad hoc sponsorship.
To be clear, none of our sponsors get any say over the content of the roundup. Our curators and editors determine what the lead story is and which headlines and events are included in each edition. We maintain editorial independence, which benefits readers of course, but also sponsors. It’s in their best interests to have a publication that the community trusts.
Our first allegiance is and always will be to the reader. If readers can’t trust us, we’ll fail at our mission to help the community understand itself better. In order to serve readers though, we need to have money coming in. We hope that we’ve struck the right balance with sponsorship.
If you have questions about this or if you’d like to learn more about sponsorship, send us an email at firstname.lastname@example.org.