Social Enterpirse Meeting Notes 2-22-12
Original Message --------
Subject: todays notes Date: Wed, 22 Feb 2012 23:21:24 -0500 From: elise moussa <elise . moussa @ gmail . com>
Attendees: Elise, jk @ redsunpress.com, laurie . gta @ gmail . com, eric from allston, Monica Poole, Estelle, eli , Liam, Martin Dagoberto staceycordeiro @ gmail . com, terry mollner, bill @ billcimbrelo . com, Matt Carroll , Terra Friedrichs, john ford, Ravi Mishra Rene Perez
from Elise...
I would like to thank each and every one of you for connecting, sharing ideas, your passion and desire to make our world, our community a better place. Thank you
Here are tonight's notes:
To access, please create a google account and if I missed notes, feel free to edit. Note: you need a google email account I believe to access the notes. If you can't, please see the notes below. Thank you
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About 17 attendees, see sign in sheet *
purpose of meeting
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connect
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$
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how
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needs *
intros (please insert your answers into the google notes)
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who are you?
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what do you want to do?
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what do you bring to the table? *
opportunities
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occupy the economy
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take movement to next phase
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education / using media
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close waste / loopholes
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beyond human capital
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full system thinking
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space
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left splinters
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cultural zeitgeist
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brand
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discontent
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lack of jobs
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need-survival
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crisis → obviously not sustainable
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co-ops are better
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hope of freedom from capitalist strategy
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freeing talent
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edge of the earth
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tech skills
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web
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document our experience to guide the next wave
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regionalism
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age of adaption
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solutions to bring to the movement
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grow power by sharing
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freedom from tyranny
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co-ops can start with little money / resources by growing together
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co-creation customers
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status quo no longer an option and its a matter of fact now that we have to do something different
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moment has come where we no longer point to the problems but devise solutions, co-ops, social enterprises to address social problems
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process of innovation and social contribution *
challenges
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how to structure
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$
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no traditional stake
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“property”
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left splintered / ing *
tasks
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educate
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space
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next meeting? *
Resources
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Terry will send an article about the Mondragon cooperative *
operational models
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models for success
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does everyone need a building or desk
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computers
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experts *
talent *
list of questions for those seeking to start co-ops *
How to get money by Terry
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most people use money from friends & family, credit cards with 0%
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Boston Community Loan Fund – their job is to make loans to businesses 550 million all over the USA (Boston is one of most progressive ones)
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CDFI – nonprofits set up across USA that make loans to businesses in low income areas, but now anything that creates jobs is OK for them, especially cooperatives
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Terry is a founder of the Social investment $6 billion and loaned to many business only that are socially responsible companies
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we must plug in to the resources that already exist
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start with Boston Community Loan Fundraising
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Mondragon (umbrella to 250 co-ops) makes a loan to start a business always start with a grup of people
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they choose a group
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that gorups chooses a member to get trained to run the business for 2 years and buy enough land around the factory
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they person stays for 2 years to put business together
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*what's so beautiful about what they do is no equity, 13%loan interest for first loan, second at 7% and stay with people, down to just giving money. If these fail: management, employees, capital product – they never abandon the original people so if product doesn't work out, they get a new product
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there is a ration of highest paid person (5:1)
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culture of joy so they retain talent
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take priority to common good, create more jobs
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because the workers own the company they aren't afraid of heirarchy (note that we could use different language – hierarchy by process NOT people)
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they gave priority to the social good and that's why they survived
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they treasure talent rather than be threatened by that
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they have their own school, university, you never get fired, when economy is bad, they send you back to school because that is a contribution to the common good
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capital flow is key
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note: doesn't have to be a co-operative as long as it has a priority for the common good
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the millions of people around the world that paid attention to Occupy said we are ready for the next stage of human evolution → we are all in this together, giving priority to the common good it's no longer about capitalism OR socialism (at full maturity that's why people responded)
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the human species is fully ready
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there are 3 stages:
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outrage first (occupy did it in 2 months, MLK in 10 years)
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unilateral action
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political resolution
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to get this out there, DO IT & pay attention to how you do it
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just how Laurie, Liam, & Elise do it for example
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we could also do workshops
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Culture is here, occupy is the culture
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Elise mentioned social entrepreneurship and provided resources on it & suggested Boston start something like Mondragon in Boston & a pool of money for social entreprises to start in Boston
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Boston Community Fund can help start a Boston Mondragon & see below for options Stacy provided for other sources of funding
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Stacy speaks:
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ICA group does consulting & some lending
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cooperative fund of new england & an equity fund
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they have a lot of money that they need to get out (collaterized loans) *
Chompsky says that cooperation is inescapable and fundamental in nature, and we don;t have a choice but to give priority cooperation *
Ghandi: primary intentions is belief, secondary intention and behavior *
next steps/goals for next meeting:
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to have people talk about their organizations and businesses for ten minutes like Investor Circle in two sections
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one those that are ready: .i.e. Liam, Elise, others to give advice, give feedback, brainstorm
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those that are ideas to start
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Terra to take a task to find co-ops that need workers & find a way for people that what to offer something
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job board
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education platform (Elise)
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Stacy has a list of co-ops
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list resources of books etc, talent matching
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facilitator for next meeting
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Terra proposed to get conference room with investors there for people to present or a smaller workshop for co-ops/social business proposals
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next step: to meet again in 2 weeks for us to talk about our plans or ideas for group feedback
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set up a doodle poll or email for meeting in 2 weeks
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Bill Drayton tomorrow at harvard http://www.law.harvard.edu/calendar/opiaevents/?trumbaEmbed=view%3devent%26eventid%3d98634864