The Cooperative Solution
Our cooperatively organized business incubator solves many of the problems associated with traditional business incubation and acceleration. Through collective ownership, we ensure that risk taken by our entrepreneurs is balanced by the maximum amount of potential reward.
We’re Pushing Against the Grain
Challenging What’s Normative in Entrepreneurship
Creating More Equity and Access for Different Kinds of People
Business Incubation is Big Business
All over the world investors big and small leverage the talent found inside business incubators and accelerators to add value to their portfolios. To varying degrees of success, they provide much needed capital in exchange for an interest in the companies that they serve. On occasion, but far too infrequently, the current models that are commonly deployed create exceptional amount of wealth for a few people. Usually, however, the outcome is more bleak. 90% of the time the invested in business fails.
Most investors recognize and plan for the high failure rates associated with new businesses by targeting companies that can return 10 times their invested amount. This common strategy encourages business incubators and accelerators to deliver programming that pushes entrepreneurs into high-growth, high-risk business models.
High-Risk, High-Reward Investing Has Changed Entreprenureship
The pressure on business founders to meet the preferred investment strategies commonly available to new companies has distorted entrepreneurship. It has encouraged people with great ideas to pursue growth models that are unattainable at least 9 out of 10 times. It has diverted public money in the form of tax credits and direct investments by federal, state, and local governments into institutional investing models that have demonstrated limited success in high tech markets like those found on the West Coast.