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That (access to capital) is the big issue for coops. I used to be a member of a UK coop in the technical space (poptel) and we did do some work with VC funding.
by spacecowboy_lon 11y ago
That (access to capital) is the big issue for coops. I used to be a member of a UK coop in the technical space (poptel) and we did do some work with VC funding.
As long as the coop members have 50% +1 that ok but it can go wrong (thank you very much ICANN) as we found at poptel.
The other problem is the coop movement in general is very old fashioned and isn't really embracing technical changes. Which is a pity as if poptel had been brought out by the main uk coop we woudl have all had a very nice 6 figure payday.