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by solardev 1378 days ago
There are some employee owned cooperatives, including a few in tech I've seen, but I think they're a lot harder to raise capital for (and thus a lot harder to grow) than either public companies or member owned cooperatives.

How do you fundraise outside of the small pool of employee-owners?

1 comments

The US Small Business Administration actually offers small business loans to groups of employees trying to get a controlling share of their companies. However, the program is pretty hard to use (like every other government program). https://www.sba.gov/brand/assets/sba/sba-lenders/ESOP_Borrow...

There's actually a bill in congress right now that would, among other things, provide technical assistance and outreach for employees who might be able to use the program: https://www.congress.gov/bill/117th-congress/house-bill/4141...