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Your funding mechanism seems compatible with cooperatives, which have no equity (but do have founders). For example, Stocksy (https://www.stocksy.com/ https://
by clarkevans 8y ago
Your funding mechanism seems compatible with cooperatives, which have no equity (but do have founders). For example, Stocksy (https://www.stocksy.com/ https://www.stocksy.com/) is a producer cooperative with members who are artists who make photos. The founders aren't the cooperative members, they were technologists who wanted to make a cooperative platform for artists to make stock photos.
In a cooperative case, the founders would be investing their time beyond draw under the same terms as a cash investor would. If/when the venture makes profits, the investment of time/money can be paid back though a percentage of revenue. Anyway, you may want to solicit feedback from members of the Platform Cooperative movement (https://platform.coop/ https://platform.coop/). They are actively searching for those who might have a compatible, patient capital funding mechanism.