cooperatives

One thing I find lacking in the cooperative economy is more effective funding mechanisms compared with the amount of funding opportunities and accelerators available to capitalist companies.

In many countries, traditional funding systems for coops are broken, and cooperatives often miss out on access to risk capital, which is also crucial to innovate and grow imo.

There have been experiments, like revenue-based financing and models from VCs such as Indie.vc (which no longer exists), that explored alternatives but non of these experiences, afaik, has gained widespread recognition and use yet.

I should probably write about it one day.

@vitalik.eth I know you’ve explored various social and economic experiments with Glen Weyl, so I wanted to ask your opinion:

Do you think blockchain technology could enable a more effective model to disrupt traditional cooperative funding (often quite boomer and stuck in outdated frameworks) and accelerate the cooperative economy?

Funding common good with donations and quadratic funding is cool, but I feel we’re missing an opportunity to build relevant and sustainable cooperative funding.

Related 👇

@vocdoni, prev. Bitcoin Magazine | Purple #203 | Cohost: /diy /anthropology /vote /biohacking /cooperatives

Some cooperative legal structures allow for risk capital investment in exchange for patronage.