BOSTON- Fledge, the global network of conscious company accelerators, is excited to announce the addition of Start.coop, a Boston based program, uniquely focused on scalable co-ops and other businesses with shared ownership models.
Start.coop is led by Greg Brodsky, a 41-year-old Boston-based entrepreneur who has built national purchasing co-ops in both the bicycle and craft beer industries.
Luni Libes, the Fledge founder, and a veteran tech entrepreneur himself said, “we are excited to bring the accelerator model to co-operative companies. I’ve long been a fan of co-ops, and through Start.coop they will finally have a better chance to scale. The unique co-ownership structure of co-ops makes them incompatible with most existing accelerators and venture capital deals, but at Fledge, we invest in future revenues rather than “exits” and love to see entrepreneurs sharing their equity with their employees and customers, as well as their investors. The Fledge model seemed the perfect fit and we welcome Start.coop to the network.”
Co-ops use a shared ownership model that surprisingly widespread in the U.S. economy, including businesses like REI, Ace Hardware, Ocean Spray, and Cabot, but nonetheless a model that is not often taught in business school nor widely understood. Brodsky said, “The applicability of the co-op business model is vast. Distributed ownership shares profits back to a broader pool of owners. Co-ops have particular potential to create economies of scale for economically disadvantaged groups such as women, minorities, immigrants, family businesses, and veterans.”
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