# OpenCollective.com Review
STEPS: 1) The Bank Account Owner (Starter Fund) Becomes a "Fiscal Host" https://opencollective.com/become-a-host The host may choose to impose a fee for hosting. The big ones seem to charge either 8 or 10% to cover overhead. 2) The New Collective (hitchhikers.earth?) applies to that host for sponsorship. 3) Subsequent contributors can each become a host, put in money, and then our collective can apply to them as well.
<b>WHAT I DON'T KNOW YET:</b> -How does Open Collective itself fund ITSELF? -Are Open Collective itself's financials transparent? (THIS IS IN PROGRESS BY A FINANCIAL WIZ, BUT NOT AVAIL UNTIL 2/13-ish) -Does Open Collective itself make money off of hosts? -What would we want to label/name our HH Collective to get started?