Ownership Structure:
IDbGLAM is privately owned and operated by John Suau, founder and CEO, with the support of key stakeholders and collaborators in the cultural and technology sectors. The organization is incorporated as IDbGLAM LLC, based in Illinois. The company’s mission is to offer a comprehensive database and resource hub for professionals working in Galleries, Libraries, Archives, and Museums (GLAM), as well as to serve cultural enthusiasts and scholars worldwide.
Currently, ownership is retained by the founder, with potential plans for adding shareholders who are close collaborators, including family members and trusted advisors. Any updates to the ownership structure will be communicated transparently to our users and stakeholders.
Funding Sources:
IDbGLAM is funded through a combination of personal investment from the founder and strategic grants aimed at supporting the growth and operational needs of innovative tech-driven platforms. Our funding streams include:
- Private Investment: First capital to launch IDbGLAM has come from personal investment, covering costs related to web development, content creation, and business operations.
- Grants and Public Funding: IDbGLAM has submitted a Technology Industry Grant application through the state of Illinois, which is aimed at supporting operational expenses, staffing, and professional development activities. This grant specifically targets operational costs including office leases, web development, monetization strategies, and participation in industry conferences.
- Membership and Service Fees: In the future, IDbGLAM plans to offer premium memberships, professional networking tools, and educational resources that will generate revenue to support the platform’s growth. We also aim to build partnerships with vendors and service providers in the GLAM sectors, creating a sustainable business model through affiliate marketing and sponsored content.
- Partnerships and Sponsorships: As IDbGLAM continues to grow, we are actively seeking partnerships with cultural institutions, foundations, and other stakeholders in the GLAM sectors. Any sponsored content or partnerships will be clearly disclosed in alignment with our editorial ethics and transparency policies.
Financial Transparency:
We are committed to transparency in our financial operations. We will offer regular updates on our funding sources and how they are allocated to guarantee that IDbGLAM continues to meet the needs of the GLAM community. Our financial reports will be made available on demand, and all major funding or partnership agreements will be disclosed to the public.
Future Funding Plans:
As we expand, we expect to apply for extra grants that align with our mission to support innovation in cultural heritage and digital transformation. We are also exploring venture capital opportunities and other forms of investment that will allow us to scale our operations and enhance the features we offer our users.
For more detailed information or inquiries about our ownership and funding, please contact us at [contact information].