Kropotkin’s Ninety-Nine
Mutual aid needs to be profitable for those who engage in it.
As a practical exercise in mutual aid economics, Sarwark Enterprises will operate a private investment fund of no more than 99 individual investors and business operators from around the world.
Ninety-nine thousand dollars will be placed into a fund.
That fund can invest between $100 and 10,000 in startup financing for a business operator who will match the investment through work and investment in the business.
The fund will offer the use of a credit facility to each of the portfolio companies and engage in cooperative purchasing and negotiating agreements and regular meetings among the owner-operators of the portfolio companies.
The fund will have a board seat and voting shares in all of the portfolio companies
Each owner-operator will have a board seat and voting shares in the larger fund.
All for one, and one for all should lead to above average returns.
The fund and portfolio companies will maintain open books for the public from the inception of the companies and be formed in Delaware with an explicit goal of each company to seek crowdfunding and public share investment as soon as practical.
We want to share the ownership widely with the public if we succeed in this effort and want to demonstrate how easy or difficult it will be to build up to ninety-nine portfolio companies joined together in cooperation from the get-go.
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