[eekosmembers] Re: Money for eekos Gambia options
- From: walter ison <walter_ison@xxxxxxxxxxxx>
- To: eekosmembers@xxxxxxxxxxxxx
- Date: Mon, 5 Mar 2007 16:08:40 +1100 (EST)
Gee that made me sound a bit gay. Ha Ha. What I meant to say was AMEN brother.
But we're amongst friends here, lol. Also realized that this is going out to
all. Ooops, Wrestle them demons lads, Lets help this planet be beautiful again.
Walter (Kevs mad brother)
p.s. I'm not drunk, except on life !!
CHARGEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
walter ison <walter_ison@xxxxxxxxxxxx> wrote:
A..Fuckingmen brother !!!
Kevin Ison <kevin@xxxxxxxxx> wrote: Yes, surely selling equity in a
company where all are equal shareholders would be defeating the whole purpose
of the company?
But that is not to discount the use of Angels or other organisations or
persons who will offer us financial support, just that I would be very
reluctant to release equity other than an equal share with the rest of us.
Sure, high interest rate on a loan (well it is a unsecured loan) or other
options, but I think taking equity more than our equal members share would
start to erode the democratic nature of the system.
Too often the financier of a company sets policy and direction. If we make it
clear that they get an equal, but no more, involvement for their money (we are
planning to pay it back anyway) then I think we may just attract more interest
than we think.
Surely when you think of it, money is nothing more than accumulated
resources, and we all are bringing resources and skills to eekos, so bringing
in money should gain no more influence than bringing skills.
In general I am more keen on building from strength and borrowing as little
amount as possible. This way, we build as a solid company.
It will also force us to look carefully at creating cash flow.
A small amount to seed money is needed and I think that we can get this from
our own resources.
I don't have any problem with personal loans as long as there is some sort of
share of responsibility according to members financial situation. If we are
committed to this company, then surely we must put financial responsibly along
with responsibility with tasks and other aspects of running eekos. If you have
nothing to lose if failure occurs, the you will not be as committed to making
the business work.
cheers,
Kev
Hi Don / members,
I think this is a valid suggestion. However, if a capitalist buys into a
cooperative company, is this not likely to compromise the democratic
structure? Or, are you able to exclude them from gaining undue control?
Thanks,
Jamie
Any method that requires personal loans of any form are, to me, absolutely
out! You do not have to add that to everything else on your mind. I think the
only realistic way is Angel money. For this, though, I would go for a sum that
you believe will get the whole business up and running. Angels [personal
investors] understand this approach. However, you do have to think about an
exit strategy for them to make money at some reasonable time. This in a sense a
loan but without any legal obligation unless there is a return.
A similar route would be venture capital. There is a great deal of interest
in the green movement over here. Problem with this is that they absolutely want
to see an exit strategy that will make them a bundle. This is a very expensive
route - I sometimes call them vulture capitalists.
Question is how to reach either group. This might seem a bit of a stretch,
but I would do whatever it takes [and it may not be too much] to get hold of Al
Gore. He is the center of the green world at the moment. I cannot think that he
has not thought a great deal about how people can fund projects. You would need
to show your various products or processes and how much they will help the
greening of our world.
Don
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