3 ms·
The hard part about starting worker owned co-ops is financing. We need good financing systems for them. People/firms who are willing to give loans for a reaso
by dbingham 2y ago
The hard part about starting worker owned co-ops is financing. We need good financing systems for them. People/firms who are willing to give loans for a reasonable interest, but on the scale of equity investment in tech start ups.
- reverius42 2y agoThe problem is risk —- most new businesses will go under. Who’s going to take on that unreasonable risk without commensurate reward (high interest loan rate, if any, or equity). Co-ops could go the angel/VC route for funding if they don’t give up a controlling share.