How it Works
FlockTank Crowdfunding
For Entrepreneurs:
5 Steps to Launch
FlockTank makes it simple for aspiring worker-owners to turn an idea into a thriving co-op. Here's the steps involved:
- Submit Your Proposal: Enter your submission and pay a one-time $500 consultation fee. Our business experts will review and provide detailed feedback. (If you idea isn't approved, we refund half your fee.)
- Refine and Register: Update your proposal with feedback, then register your business after final approval.
- Launch Your Campaign: Publish your FlockTank crowdfunding page and invite the community to invest.
- Hire Your Staff: Our integrated application system bridges your supporters and your candidate pool together.
- Start Your Co-Op: Use the investments to open your co-op. Leverage the FlockList to utilize services from existing EconChangers Co-Ops.
Maximum Investment
For one co-op, we can raise up to $5 million per year per SEC regulations. Our experts will help you determine how much money to campaign for, as well as how to allocate those resources.
A Social Experience
Instead of a flat, one-time listing, you can add progress reports or respond to comments on the campaign page. Enjoy a more dynamic and engaged experience between you, investors, and the community.
Hire Your Team
Add open positions, allowing visitors to invest or apply from one place. Attract mission-aligned talent retreating or being laid off from AI-driven companies.
For Investors:
Investment Terms
Our simple and investor-friendly terms try to minimize the risks involved in investment, prioritizing the mission over our bottom line.
- Flat Investment Fee: When you invest, we deduct our 7.5% investment fee up front. We never charge any additional costs to investors.
- Launch or Refund: There are two places your investment can go – to the co-op, or back to you. If a campaign does not reach their funding goal, all funds (minus investment fee) are returned to investors.
- Successful Investments: If you invest into a launched EconChangers Co-Op, a portion of the co-op's revenue will fund your payback. Campaigns can offer greater returns, but at minimum must agree to pay equal to the amount you invested prior to fees, plus 10 percent. That means a $1,000 investment into a successful co-op will bring at least $1,100 back, plus any investor perks offered with the campaign.
How Much Can I Invest?
Federal regulations split investors into two types - accredited and non-accredited. Accredited investors have no limits to how much they can invest. For everyday investors, we're required to calculate and enforce an annual maximum across all campaigns. All investors can invest at least $2,500 per year.
We must implement Know-Your-Customer standards to comply with these regulations. To know the annual maximum of a non-accredited investor, the following formulas involving annual income and net worth are set by Reg CF:
- If both your annual income and net worth individually equal $124,000 or more, you can invest up to 10% of the greater figure between them. There is still a limit of $124,000 per year.
- If either your annual income or net worth are below $124,000, you can invest up to 5% of the greater figure between them.
For the Public:
Apply to Co-Ops
Ready to have a vote and share half the profit along with your coworkers? Search for open positions at EconChangers Co-Ops and experience worker ownership first-hand.
Engage With Campaigns
Find campaigns you support and interact with them throughout their journey to launch. Follow campaigns, share on social media, or leave comments to voice your thoughts.