@mattcropp Always good to meet another nerd! I see the tag in your profile and I'm curious if you've stumbled across any way to participate in P2P lending to help develop cooperatives. Something like LendingClub but for patient, modest-rate lending to new coops.

@funwhilelost Geek out on it pretty hard, tbh. :)

A few things maybe of interest:

- We've got a little network of them in Minneapolis, Vermont, Boston, Colorada & NYC. Wanna start one where you are?

- investing w/ retirement funds by & hacking them and funneling the $ out of index funds & into co-ops.

- crypto-based microlending to co-ops in Brazil, with international aspirations

@mattcropp How is that network structured? Do you just share opportunities with a group? I'm curious if there is something where you can spread out your exposure to risk among smaller "bonds" to help fund initiatives like this.

@funwhilelost Each club is a localized llc, and at the moment we just share deal leads, but have aspirations to create a "club of clubs" that each club might put a % of their assets into that would pursue larger-scale opportunities.

@mattcropp That's very cool! How do you handle risk-assessment or help people understand what their repayment structure will look like? (Sorry if I'm in the weeds already, maybe there's something on the interwebs I can check out)

@funwhilelost There is a diversity of practices, but in our club we have members review the documentation and rate the investment on a matrix on a variety of factors. Then the club votes on whether to add the investment to the "Approved Investments List," and then members dot-vote the AIL to allocate the available liquid funds.

Members invest $20-200 monthly, and the expectation is the funds are illiquid, but they can be liquidated on a case by case basis under certain circumstances.

@mattcropp Sounds great. I'm sure there are lots of challenges in evaluating these types of investments since they don't fit the long-running paradigms. Are these matrices something you share publicly?

@funwhilelost @mattcropp Eavesdropping on this thread. I talked with @mattcropp about this in person recently, and also @Matt_Noyes online, plus I have a call scheduled for tomorrow with the USFWC on the same topic.

@Steve @mattcropp Small world! I was just on a web chat with @Matt_Noyes last week and he got my interest piqued. If building an "investment platform coop" is something that's coming up I'd love to talk about how our members could help build it.

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@Steve @mattcropp @Matt_Noyes That's right! I didn't think to scribble down the attendees in my notes until it was too late.

Our co-op is an LLC structured with an operating agreement that's co-operative. We modeled it after the one shared publicly by Feel Train and then modified it with a law firm's help in Seattle. It appears to hold up fairly well. It specifically calls out some things as "will be defined by the members" which we collected in a book of procedures. Seems to work for now.

@funwhilelost @mattcropp @Matt_Noyes If there were a platform co-op that was a second-tier co-op made up of investment clubs, that might be the best of all worlds.

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