Monday, June 25, 2012

Proposal for Cooperatively Owned Sharing Economy Foundation

by Mira Luna 6/25/2012 I can't tell you how inspiring it has been to be an organizer for the new sharing, alternative economy, whatever you want to call it. I also can't tell you how hard it's been trying to get the resources to get projects off the ground. Often the best grassroots-led sharing economy projects don't get funded, while sharing economy businesses and traditional nonprofits that feed into the old economic paradigm do get funded. For more info, read "The Revolution Will Not Be Funded." Many of these projects challenge the source of the money they are asking for and many fall outside of conventional funding categories that are made to put band aids on social and environmental problems and tend to keep the poor, poor. Kickstarter and Indigogo are great platforms for grassroots funding, but they require some marketing skills, an already big reach or small but relatively rich supporter base, an established project and usually video skills to pitch their project - beyond many nascent groups' capacities. Network organizations like the US Solidarity Economy Network provide good organizing and strategic help to grassroots work but don't have the funding to support grassroots work either, much less their own work. Slow Money has created a good model for grassroots investing, but the project has to provide a return. Wouldn't it be awesome to have a crowd-funded, member-run co-op foundation to strategically give funding to innovative grassroots economic projects with possible replication potential and record, research, and publish their challenges and successes? The foundation could keep tabs on the movement, fund conventionally unfundable new projects and provide an information sharing platform or technical assistance help like learning circles for similar projects needing intense start-up support. The foundation would be structured as a coop. Each person/member who donated any money on an annual basis would be able to vote on which projects gets funded that year. All of the grantee selection process and nominations for funding would be transparent. I would call it "Our Shared Future Fund". Any takers?

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