Employee & Community Ownership
What this is: Co‑op, ESOP, community syndicates, and membership models that finance and align. When to use: Mission/community‑centric businesses seeking durable alignment over hyper‑growth. When to avoid: If future institutional equity is essential and cap table complexity is a blocker.
Tools & Structures
Community patronage memberships
Fans pay recurring fees for perks; stable mission‑aligned cash.
Patient‑led syndicates
Disease community invests via SPV; advocacy plus capital.
Crowdfunded clinical‑trial sponsorship
Public micro‑funding for early trials; admin heavy.
Key levers: Governance complexity, regulatory compliance, ongoing community engagement.
Case studies: Civica Rx (member commitments), disease‑community SPVs.
Related: See Non‑dilutive / Philanthropic for community grants, and Capital‑Markets‑Lite & Crowd for crowdfunding.
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