> Worker-owned co-operatives are some of the most resilient businesses in the startup world, so why don’t investors back them? > 76% of them survive their firs

> Worker-owned co-operatives are some of the most resilient businesses in the startup world, so why don’t investors back them? > 76% of them survive their first five years, compared with 50% of other startups. > “It functions a lot like a debt,” explains Loomio cofounder Richard Bartlett. “The investor has bought the share, then it's redeemable in the sense that the company will eventually buy it back off him. Investors do back this, via debt financing. But the returns are limited.