When co-ops meets venture capital

It is a common assumption that cooperative business and venture capital financing don't mix. And there is good reason for this. Venture capital uses investor ownership to drive companies toward a quick, value-maximizing exit. Co-ops, in contrast, are designed to be owned by their participants rather than outside investors, prioritizing social value over the long term. But that assumption may be worth reconsidering. In April, Savvy Cooperative announced that it had struck an investment deal with Indie.vc, a pioneering venture firm. Both Savvy and Indie.vc pushed the boundaries of their respective structures to make this happen, while keeping those structures intact. This webinar will feature Savvy's CEO and legal counsel, explaining how the deal came about and what it means for the future of finance for economic democracy.