Collective2 hiked their fees - anywhere else to go?
- Thread starter pistolpt
- Start date
Why not use fundseeder.com?
You can prepay the old rate until January and multiple times. So if you want to, you can pay for the next 5 years.
Second, as Matthew mentioned, this is the second price increase in 15 years. So that is quite acceptable and they are still very reasonable.
Third, if you are trading your own system, aren't you making enough money to pay for the increased listing fee?
Now increasing their cut is another question...It is only increased for the Starter account.
Also if you pay annually, you get a 15% discount, so the previous $240 annual listing fee went up to $395 (very reasonable), same 30% subscription fees cut. Basically if you get 2-3 paying subscribers for just 1 month, you are covered for the whole year...
https://collective2.com/choose-plan
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Seriously, this is not a game for penny pinchers, hoarders, misers, and money grubbers. How much do you think it takes to do this game right in a professional manner not even counting setting up a fund etc.????
If you can't handle these small costs, perhaps get a job so you can earn the money it takes to play the game.
Hampton
If you can't handle these small costs, perhaps get a job so you can earn the money it takes to play the game.
Hampton
What would be minimum "unreasonable" hike and why?
Roderick Casilli
Sponsor
Hi all, I'm Rod Casilli, the Head of Product at C2, and the evil brainchild behind the new pricing model we announced yesterday. First off, I'd like to say that I'm honestly quite excited by this thread. I'd prefer if it was a conversation about how there is over $57M of live capital following C2 strategies as of this morning, or that we paid out over $78,000 last month in fees to strategy managers, or that the new website looks so pretty, but hey, I'll take passion and press in any context.
So whether you're pissed, perplexed, understanding, or indifferent to the new pricing, thanks for taking the time to post.
Now for some quick clarifications and color around our thinking and the business drivers for the pricing changes.
First off, as some have already explained here, we are allowing any current strategy manager up to 30-days to prepurchase the current listing fee price (cost to publish a strategy on C2) for as long as they'd like. Talk about grandfathering, you can lock in the current prices for 100 years if you'd like. And if you opt for this price extension, you retain all the current features and terms. In other words, there are no tiers or plans for you. You get it all kids.
In addition, some of us at C2 are toying with some radical ideas such as reducing AutoTrade fees in a way that will make more sense for people with small accounts. But we'll tackle that later in 2017.
For now, we encourage you to check out the site at collective2.com
Finally, there are a ton of exciting feature enhancements, product extensions, partnerships, and other good stuff on the road map for 2017. Most of our plans are focused on you, the traders and will be 'included' in the plans we released today. And yes, you, the guy that bought 7 years of listing fees, you'll probably get most of it too.
We are extremely grateful for the community of trader leaders and investors that use Collective2 every day. For the benefit of everyone using the technology, in order to grow that community, we may actually have to trim it a bit to start.
Feel free to email me directly at rod@collective2.com
So whether you're pissed, perplexed, understanding, or indifferent to the new pricing, thanks for taking the time to post.
Now for some quick clarifications and color around our thinking and the business drivers for the pricing changes.
First off, as some have already explained here, we are allowing any current strategy manager up to 30-days to prepurchase the current listing fee price (cost to publish a strategy on C2) for as long as they'd like. Talk about grandfathering, you can lock in the current prices for 100 years if you'd like. And if you opt for this price extension, you retain all the current features and terms. In other words, there are no tiers or plans for you. You get it all kids.
In addition, some of us at C2 are toying with some radical ideas such as reducing AutoTrade fees in a way that will make more sense for people with small accounts. But we'll tackle that later in 2017.
For now, we encourage you to check out the site at collective2.com
Finally, there are a ton of exciting feature enhancements, product extensions, partnerships, and other good stuff on the road map for 2017. Most of our plans are focused on you, the traders and will be 'included' in the plans we released today. And yes, you, the guy that bought 7 years of listing fees, you'll probably get most of it too.
We are extremely grateful for the community of trader leaders and investors that use Collective2 every day. For the benefit of everyone using the technology, in order to grow that community, we may actually have to trim it a bit to start.
Feel free to email me directly at rod@collective2.com
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You said:Talk about grandfathering, you can lock in the current prices for 100 years if you'd like.
This is very misleading.
If you were a developer, would you buy 100 years listing fee?
Now if a developer talk to his subscriber: you buy my strategy for 100 years and I will give you a discount.Would the subscriber buy? Not for 100 years, not even for one year.
Because he doesn't know what will happen in one year,maybe the strategy will blow up next month,maybe the subscriber would stop his trading activity later in the year. So he doesn't know what will happen in a year, that is why he would not prepay one year sub fee.
For the same reason, a developer also would not buy listing fee for 100 years, they also don't like to buy it for one year, because he may blow up his strategy in 2 months, or there may be other things to happen, which will make his prepaid listing fee useless.
So the whole thing of prepay listing fee is not much of a benefit, as most developers would only likely to buy 6 months.
For the same reason, an annual discount is not a favor.
This is very misleading.
If you were a developer, would you buy 100 years listing fee?
Now if a developer talk to his subscriber: you buy my strategy for 100 years and I will give you a discount.Would the subscriber buy? Not for 100 years, not even for one year.
Because he doesn't know what will happen in one year,maybe the strategy will blow up next month,maybe the subscriber would stop his trading activity later in the year. So he doesn't know what will happen in a year, that is why he would not prepay one year sub fee.
For the same reason, a developer also would not buy listing fee for 100 years, they also don't like to buy it for one year, because he may blow up his strategy in 2 months, or there may be other things to happen, which will make his prepaid listing fee useless.
So the whole thing of prepay listing fee is not much of a benefit, as most developers would only likely to buy 6 months.
For the same reason, an annual discount is not a favor.
Roderick Casilli
Sponsor
Good point. Alas, most of us won't live a hundred years anyway. Surprising you didn't mention that even asking for 6 months at a time is unreasonable. The new pricing is month-to-month. As for blow-ups and melt-downs, the new pricing allows for strategy 'resets,' a feature that also is not without controversy.
You are confused. You talk about the subscriber's side when the listing fee is for vendors, so the subscriber side is irrelevant in this discussion. Second, you should read Matthew's answer on C2.
He explains that now you can restart your strategy, that was not allowed for Vendor accounts, only for Practice (not shown) accounts. So you can safely go ahead and pay for 10 years and blow up as many times as you wish, you can always restart it.
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I don't exactly know, but if $1.1 ( 110 cents that is) per day is too much for running your own business where you only have to trade and everything else is taken care of by C2, maybe you shouldn't ask for the extra cream on your next Starbucks order...
And the most important part, their cut hasn't really increased....