On Friday, June 8, 2012 1:32:38 AM UTC+5:30, Paul Katchings wrote: > > How many coworkers have participated in barn raising? Friendly > neighbors from near and far come to a location to help one of their > own construct a barn. A day’s hard work and sweat is rewarded with > free lemonade, home-canned veggies and perhaps some baskets of fruit. > Most of all, it’s a fun and collaborative effort. > > How many Coworking Space owners are aware of SecondMarket where barns > are also built? These kinds of barns are better known as the startup > companies whose employees and vendors are rewarded with “sweat > equity.” > > SecondMarket is one of the secondary markets where the equity in many > high tech and social media private companies is traded before their > initial public offering. What’s interesting about SecondMarket is that > anyone can sell private company stock and anyone residing outside the > US can buy private company stock. Within the US, only accredited > investors are allowed to purchase. > > I have a company client – a Utah LLC – whose business model brings > ownership with earnings to its members. Let’s say a new food company > sells locally grown food to members of this LLC. Let’s say another new > company brings a unique transportation service to these same LLC > members. If you like, imagine other products or services from other > new companies and add them to the list. In all these examples, the LLC > members buy the product or service and receive something extra. > > All these companies are designed to give ownership to the LLC members > who buy their products or services. The companies set aside 46% > ownership for a customer base of 14 million LLC members. Since these > companies are also LLCs, their customers receive their share of the > LLC profits, i.e. ownership with earnings! Any LLC member would pay $1 > a month to be notified of new companies with products or services that > are bundled with equity for their customers. > > The provision of a safety net of equity for customers is a powerful > idea that economies across the globe need today. In Coworking Spaces > across the globe, we should collaborate to bring this idea to the > marketplace. We can raise this global barn in various ways. Please > allow me to share a few ideas. > > Let’s say a thousand Coworking Space owners help the Utah LLC with 10 > members each. The company would reach the milestone of 10,000 members > in a few days and a New York Advertising Agency will propel the > membership to 14 million in a few months. Some owners could attract 10 > candidates for signup, pay their $12 fee ($1 per month) and apply the > $120 as advertising for their Coworking Space. That’s a small expense > for “sweat equity” whose implied value is about $6K today and is > projected at one million dollars in a few months. Please take a look > at https://www.secondmarket.com/company/equity-score-llc and let’s > raise this barn. > > Paul > >
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