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Categories
Our Voices

How to Be in the Right (Authentic) Relationship With Entrepreneurship

Yesterday, I found myself evaluating progress for my enterprise like one might size up a beautiful, complicated lover—four years on. In the cold month of love (February), I decided it was time to reflect and ask myself—with naked honesty—if I was in the right relationship with my enterprise.

As with interpersonal relationships, these feelings are difficult to judge, especially when we are constantly bombarded with Hallmark messaging about what a good relationship is supposed to look like. Compared to prevailing cultural narratives of what is “normal” or “promising,” my enterprise might suddenly look like shit—when it might actually be pretty okay!

So it’s wise, before jumping to conclusions, to reflect on how mainstream cultural discourses shape our expectations. What fictions about the crucible of entrepreneurship do we cling to when assessing the progress of our enterprises and our own work as entrepreneurs? What stories would better serve?

When I asked myself this, these are the 12 narratives I came up with (you might want to buckle up for this ride, it’s going to be rough before it gets better).

Check your delusions: Entrepreneurship is often marketed to womxn as the ultimate path to finding real purpose, happiness, and freedom from patriarchy! It’s a way to have a career and reduce your stress as (still) the family’s primary giver. It’s an opportunity to live the laptop life on a beach, score a better income, and say “fuck you” to the glass ceiling and rancid workplace environment. That Company of One simplicity, control over your time and wealth, is the ultimate entrepreneurial fantasy but only if you aim to scale up to the moon.

No wonder 85 percent of Canadian womxn surveyed (the majority who work for wages at present) indicate they are interested in starting a business. Some believe this is something to celebrate. I see it as a cry for help, the result of continued gender-based oppression.

While prevailing narratives sell entrepreneurship as liberation, the reality is this: as an entrepreneur, you have chosen to join the growing precariously employed segment of the labour force. Other “precariats” include the Foodora delivery rider (who makes $4.50 per order plus $1 per kilometre) as well as that new freelance consultant next door fighting for the next short-term contract. The lack of income predictability, the exploitation (like clients who take 90 to 120 days to pay), the lack of benefits, and reduced access to credit (even a car loan requires proof of stable income) is what binds this growing segment of the labour market.  Next time you take a Lyft ride, consider sharing a fist bump with the driver—because you are now sisters in arms.

How do you strategize for life as a precariat? Plan to live like you are broke every day. Launch your business with a DYI ethic. If you are selling a product, be prepared to love attending pop-up markets. If you are banking on shelf space at Shopper’s Drug Mart, get ready to forego owning your own home—or heating it. In other words, if you choose to enter the precarious workforce, be prepared for the precarity.

Know that narratives about progress fly ahead of reality: Manage your expectations accordingly. Remember that back in the ’60s, womxn looking for independence by securing a job were given a lot of advice on how to succeed. Well-meaning male “supporters” told us what to wear, where to smoke, how to fit in, when to talk, and when to shut up. Oh, and douche before going to the office. Also, smile! Back then, getting pregnant was still a fireable offence!

Have times changed? Based on the way people talk about diversity, inclusion, and gender parity, you might believe so. Yet the entrepreneurs I talk to daily say otherwise. Advisers still tell womxn entrepreneurs how to dress to win, talk, and pitch ourselves in a system that still sees us as fundamentally inadequate. And it’s still on us to figure out how to succeed as a primary caregiver and run a business. The majority of incubators and accelerator environments remain male-dominated and ineffective at dealing with gender oppression in their programming or cultures. It seems the startup world wants us to be seen at conferences and events (we need womxn in our photos!), but not heard (don’t be difficult!). You can’t get fired for being pregnant anymore but try raising a round of investment while pregnant. Try taking maternity leave or getting maternity benefits as an entrepreneur. Those costs have been completely downloaded on womxn entrepreneurs and their families.

It’s not exactly a Mad Men world anymore. Yet, we are still waging the same old battle with patriarchy. Fair access to capital is still far from our reach. While the wage gap for womxn earners has narrowed to 13.3 percent below men, womxn entrepreneurs earn a whopping 58 percent less than their male counterparts.

This maddening fact remains: the rules of entrepreneurship are still largely designed to enable privileged men—and a handful of equally privileged womxn who are held up as proof that all womxn have been invited to play. Things have to change. Because only then will womxn entrepreneurs, especially those who lean towards doing business differently, truly flourish. So, if you are struggling, keep in mind that being in business with patriarchal rules stacked against you deserves a checkmark.

Entrepreneurship is not a form of motherhood: If you think of your business as your baby, stop. Starting an enterprise is more like entering a serious adult polyamorous relationship. You read that right. You are bringing a new relationship into your life, creating a “three-way” if you already have a significant other. If your partner also has an enterprise, consider it a “four-way.” And beware. A startup can feel like a new lover—exciting, fresh and, well, newbut it will make your relationship with an existing mate significantly more complex. Simple rules don’t work. Work-life balance advice? Not applicable (as if it ever was). Successful polyamorous relationships require a lot of communication, negotiation, and understanding. They need to serve all participants, though not all needs can be served at the same time. Polyamorous—like monogamous relationships—have a high failure rate. Be prepared. Learn from experts. Think ahead. If things have changed and you need to let go of your business, think of it as a relationship that no longer serves you and has to end—versus the loss of a “child” that you created.

Remember, entrepreneurship can be a powerful revolutionary force: To be in business is not just to be a spoke in the nation’s economic wheel but to engage politically in ways a regular job rarely requires of us. As entrepreneurs, we can and must use our voices. This is one of the best and most undersold benefits of entrepreneurship—and critical, with social and climate justice in peril. We don’t have to invent a new biodegradable plastic to drive change. How we do business creates change. We can use our privilege, power, policies, and practices as entrepreneurs to help restore the environment, advance inclusivity, and reduce inequality. And push for policies that address issues related to precarious employment. And, we don’t have to drive for deep change in isolation. We can form groups and collectives or join existing organizations like the new feisty new Canadian Women’s Chamber of Commerce who make it their business to advocate for collective change. For those who say business and politics don’t mix, all businesses are political. Chick-fil-A sells chicken and homophobia. Patagonia sells outdoor gear and environmental justice. What kind of history is your business making? As protest novelist, activist, and this month’s Feminist in Residence Rivera Sun points out, “Even the choice to be apolitical is really just a vote for the status quo.”

Be open to transformation and outcomes you can’t control: No need to go to an ashram for three months. Your enterprise will make it very clear who you are and what’s important in life. Being a founder has consequences we can’t anticipate. Our personal transformation may, in fact, be the only real reward of the journey. Value it. It won’t buy the groceries. But it can provide the fertile ground for the next journey.

Self-care is important—but community care is vital too: If you have a venture, like it or not, you are in a community with others. It’s important to understand and get to know that community. Map out your enterprise’s ecosystem of support, which includes your neighbours, complimentary enterprises, suppliers, workers, bloggers in your field, policymakers, academic institutions, etc. No one builds or runs a business alone. Practice community care in ways that strengthens and builds resilience in your enterprise’s ecosystem. The odds of sustainability, resilience, and success will increase. Consider creating a Community Care Code of Practice.

Invest in intellectual development. Stretch your thinking: Develop an interdisciplinary personal development practice directed towards creating a future horizon of radical possibility. Prioritize events that offer well-facilitated consciousness-raising conversations or learnaries that provide the opportunity to learn deeply. Design and run operational experiments. Or support experiments created by others that you believe in.

Set emotional boundaries: Your enterprise is not your life’s work. Becoming who you want to be is. Check in with yourself. If your enterprise is helping you to become the person you want to be, terrific. If not, time for a rethink.

Measure what truly matters: Our GDP metrics mindset leads us to undervalue much of what we accomplish. Our businesses are more than profit/loss statements. Every business is a community that did not exist before. You created that! Create your own mini “impact report” each year to help you truly assess the quality and impact of that work. CV Harquail, author of Feminism: A New Idea for Business, suggests asking yourself, “Who benefits, who is harmed, and who is left out?”

See marketplace feminism for what it is: For example, those flashy ads by pro “woman entrepreneur” banks who suggest getting a loan is easy as asking for a glass of city water? It’s not. So don’t be hard on yourself if the answer is no. Look to alternatives like crowdfunding or womxn-led/operated venture fund pools.

You are human, not an algorithm: You cannot create the vast reservoir of will and energy that is purported to succeed as an entrepreneur simply by eating better, meditating more, exercising more, and being more. You are enough. And you are doing enough.

Don’t blame or shame the victim: As womxn, we endure a lot of debilitating gaslighting and demeaning, sexist behaviour in incubator/accelerator spaces. We need to shout out these stories if we want to drive change. Support womxn who call out unacceptable bias in the ecosystem. Don’t slam or isolate victims or truth-tellers as “difficult” or “losers.” Because, then, we all lose. Add your voice to calls for change. The time for an entrepreneurial version of #MeToo has come. How about #entrepreneurialAF?

And, so, am I still in love with my enterprise?  If these narratives sum up the real reality, are we doing OK?

After all that reflection, I took another look at where we are at with LiisBeth Media.

My enterprise has the power to hurt me deeply, on many levels. And, lord knows, I have been catastrophically hurt before. What person in a serious relationship hasn’t?

But, at least for now, based on a having crafted a more realistic outlook, I feel more gratitude than concern. Yes, we’ve endured harsh realities but the journey has yielded unexpected gifts. We are doing okay.

By aligning my thinking with reality versus Hallmark card or vested interest messaging about what it means to be an entrepreneur, I feel that I am now closer to being in right relationship (authentic and real) with entrepreneurship—eyes wide open—struggling with the right questions, with the right enterprise.

What more could a gal ask for?


Related Readings

https://www.liisbeth.com/2019/06/25/gaslighting-the-silent-killer-of-womens-startups/

Categories
Feminist Practices

Feminist Enterprise Commons Launches! Looking for Members and Feminists in Residence

LiisBeth team launches a new feminist learning space. From bottom left: Margaret Webb, Champagne Thompson, Lana Pesch, PK Mutch, Geraldine Cahill, Francesca D’Ambrosio, Abigail Slater, Valerie Fox, and Anita Li. Missing but with us in spirit, Jack Jackson.

The $1 billion+ fragmented feminist economy comprised of feminist enterprises operating in all sectors to advance equity and equality for women, girls, trans, and queer folk is about to come together.

On January 5, LiisBeth Media, Canada’s only feminist business media enterprise with 2,500 subscribers and more than 19,000 online readers, is launching a new service, the Feminist Enterprise Commons (FEC), an online community built with Mighty Networks technology. It will enable the currently far-flung and splintered feminist enterprise community to come together in a safe, supportive, authentic, radical, change-led, and feminist-values-led space.

As part of the community, members will be able to connect, share valuable insights, ask important questions without outside surveillance, contribute tools, find relevant and new feminist research, and glean new insights to advance their own feminist practice, enterprise, and drive for systems change. They also have the opportunity to work collectively to further strengthen the feminist economy by resourcing, and sourcing from each other.

LiisBeth founder, PK Mutch, says, “We decided to build a new online community because we are increasingly unhappy with policies, bias, and breaches of trust by social network companies like Facebook and Google. Recently, Facebook randomly prevented LiisBeth from posting because they said our group site was too political. Apparently you can’t boost or promote a post about feminism’s point of view on current events without giving them your personal SIN number or driver’s licence. We challenged them on it, and the restriction was lifted—briefly. Still, that was the last straw for me. Once our new network gets going, we will be essentially using our LiisBeth Facebook channel to redirect people to a safer, online space.”

Mutch also adds, “We also aim to keep the community small and engaged. We are not aiming for thousands of phantom users.”

What is a feminist enterprise?

Feminist enterprises are typically founded by visionary feminist entrepreneurs, innovators, creators, investors, researchers, and social justice activists who leverage their entrepreneurial, leadership, innovation capacity, and creative skills expressly to not only create enterprises or projects that advance gender, economic, social, political, and environmental justice, but also to experiment with new ideas that can help us begin to conceive an alternative world beyond neo-liberal capitalism and patriarchy where all people and the planet can flourish.

At present there are no other feminist economy or enterprise-oriented networks in existence. Although, there are an increasing number of feminist business coaches popping up in the US.

PK Mutch explains, “Entrepreneurship is a tough path for all who pursue it to surviving or thriving economically in an increasingly unequal, precarious economy. Heavily promoted corporate responsibility efforts to address broken systems give the illusion that we are making sustainable progress, but the truth is lasting change won’t happen without the engagement of the rest of the economy—entrepreneurs and small enterprise leaders—in a conversation about what an economy beyond modern capitalism and patriarchy might look like.

Feminist entrepreneurs have all that to contend with plus the fact their ideas are marginalized because they challenge deeply held beliefs, and because, often, they move at the speed of humanity—versus the speed of technology.

Mutch adds “The feminist economy has been around for over 100 years (think bookstores and women-led credit unions in the 1970s), yet its work and leaders are systemically and frustratingly overlooked or appropriated without attribution. Most enterprises are grassroots in scale and strapped for time and resources, so finding each other and connecting has been difficult. We saw an opportunity to change that. Ultimately, we believe a stronger, more visible and better supported feminist economy leads to more well-supported experiments with alternative economic models and systems concepts. These tens of thousands of small but bright bonfires for real change will lead to the kind of radical social and economic changes we need to see if we are to ever leapfrog past our currently repressed ideas about the kind of world we have the power to make.”

Canada has a feminist government, feminist budget, and feminist foreign policy—and the Ministry for Women and Gender Equality (WAGE) in 2019 announced the historic $400 million Equality Fund, which combines international feminist grant-making with an innovative investment arm, delivering new momentum for women’s movements and supporting the advancement of gender equality globally. It makes sense that Canada should also be home to the world’s first visionary feminist enterprise community.

Mutch and her team envision that the FEC is intended to become a global community over time.

The Feminist Enterprise Commons

Built on the Mighty Network platform (founded and led by Gina Bianchini), FEC is a space where founders, project leaders, and aspirants can freely ask questions and, with the help of others, refine their ideas about how to flourish differently without fear. A core feature of the community will be the “Feminists in Residence” program. The program will bring in feminist thought leaders who are experts at specific topics and tools like “feminist marketing” or “feminist business model canvas” to share their expertise and will offer exclusive member-only workshops.

Investors, funders, and individuals or organizations with resources to share are also encouraged to sign up and support inspiring founders and transformative ideas that they believe in.

“So many corporations and impact investors are working to support gender equity these days but end up creating their own initiatives to do so instead of finding and investing in feminist enterprises or organizations that are already out there doing this work. The Feminist Enterprise Commons would create an opportunity for them to go to one place to find existing, experienced investees or partners instead of spending time reinventing the wheel,” says Vicki Saunders, founder of SheEO.

Elize Shirdel, a feminist tech entrepreneur, says, “When one decides to create a feminist enterprise, it’s easy to feel alone out in the world. Feminist enterprise communities are cross sectoral, grassroots in scale, fragmented, and widely dispersed. Access to aligned startup and growth funding for promising but radical ideas is extraordinarily difficult. This keeps our voices small and weakens our ability to thrive while doing countervailing work.”

Valerie Fox, founder of the Pivotal Point and a LiisBeth advisory board member, says, “I believe in the power of well-connected innovation ecosystems to change the world. So I am excited about this idea. We need feminist enterprises to lead the way if what we want is the ability to imagine what else is possible socially, politically, and economically. It’s especially important to flow investment towards these sometimes ‘hard to love’ enterprises because they work hard to deeply challenge our assumptions about a system that, frankly, works well for some people, but not all.”

Nancy Wilson, founder of the Canadian Women’s Chamber of Commerce, says, “The Feminist Enterprise Commons is a great idea. It seeks to connect unique types of enterprises and leaders with a feminist point of view. Not all women are feminists and not all feminists are women. If they are successful, they will not only be able to strengthen themselves, but also increase their ability to attract resources and influence policy.”

Mutch adds, “This is not a women’s empowerment or women’s booster network. It is an intersectional, queer and trans-inclusive, pro-reproductive rights, and social equity-oriented feminist space where existing systems are critiqued, dismantled, and new status-quo-busting novel concepts and ideas are worked out.”

The Commons is operated by LiisBeth Media, a division of Eve-volution Inc., a for-profit social enterprise and certified B Corporation. However, LiisBeth Media will be spun off into an independent cooperative by June 2020.

Commons host PK Mutch says, “It goes without saying that the leadership, ownership, governance structure, and community conduct agreements will be ultra transparent, developed participatively, accessible, responsive, caring, inclusive, in other words, feminist in every way. We are very clear that we are not going to build another ‘ghost town’ community network enterprise where frankly, the members in the end, are the product, versus the other way around.”

Mutch adds, “We won’t be perfect, but we will be human. We will work through any stumbling blocks along the way together.”


Creating researched and inspirational content to support and advocate for feminist changemaking takes hundreds of hours each month. If you find value and nourishment here, please consider becoming a donor subscriber or patron at a level of your choosing. Priced between a cup of coffee or one take out salad per month.

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Subscribe!

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Funding

You can also contribute to our “Sustainability Fund” or an open donation in any amount.




Categories
Transformative Ideas

Progress or pinkwashing: Who benefits from digital women-focused capital funds?

(Photo by Vanessa Lee / Unsplash)

Along with crowdfunding, biometric cash assistance, cryptocurrencies, and mobile wallets, another growing digitally enabled source of capital is women-focused capital funds (WFCFs). These funds target women-owned, women-led enterprises, femme and non-binary entrepreneurs, and aim to level the access-to-capital playing field.

That’s the good news. However, a newly released study in Small Business Economics on WFCFs suggests feminist investors, policymakers, and entrepreneurs need to be asking more questions before resting their feminist boots. Professors Barbara Orser of Telfer School of Management at University of Ottawa, Susan Coleman of Hartford University, and doctoral student Yanhong Li recently examined the market positioning of 27 funds in the US and Canada. “We were curious to learn if women-centric investment pools, such as WFCFs, aim to alter exchange processes to support justice and gender equality. At the end of the day, we found that the majority of funds focus on fixing women. Few seek to address structural or institutional impediments,” said Orser. “The bottom line is that among the funds that we examined, only a minority sought to counter structural barriers associated with women entrepreneurs’ access to capital. Most were positioned to facilitate individual wealth creation.”

The study found that this kind of pinkwashing is most likely when funds are created as add-ons to mainstream programs and services, rather than as a central element of the organization’s mission of supporting women and non-binary femmes. In addition, few of the funds displayed third-party assessment or an audit of the fund. Opaque accountability and an absence of independent evaluations were common. This means we cannot always be sure that the funds set to advance women-owned and led ventures actually get to them.

According to the researchers, most WFCFs fall short of supporting a feminist agenda to address institutional and market barriers. The team concludes that, depending on the investment, some WFCFs challenge while some simply perpetuate bias and reinforce structural constraints that impede women entrepreneurs by not actually changing investment due diligence and approval orthodoxies. 

The study offers feminist investors insights to consider before assuming that all funds serve an inclusive economic agenda. This study also alerts LiisBeth readers that there are an increasing number of differentiated WFCFs, so it is wise to shop around—and keep your feminist boots walking.

To download the study (for free), click here.


Creating researched and inspirational content to support and advocate for feminist changemaking takes hundreds of hours each month. If you find value and nourishment here, please consider becoming a donor subscriber or patron at a level of your choosing. Priced between a cup of coffee or one take out salad per month.

Support LiisBeth

Subscribe!
You will have access to Payments processed through PayPal.

 




Funding
You can also contribute to our “Sustainability Fund” or an open donation in any amount.

 


Have you had an experience trying to secure funding for women-focused capital funds? Were you successful? Rejected? Tell us your story! (We’ll keep it confidential.)


Related Reading

https://www.liisbeth.com/2019/11/22/righting-who-writes-code/

https://www.liisbeth.com/2019/04/26/where-are-the-women-in-canadas-women-in-tech-venture-fund/

Categories
Transformative Ideas

Co-ops are the past and the next best thing. So why don’t we join the movement?

Photo: Sergey Galyonkin. Creative Commons BY-SA (cropped)

Imagine this: an eco-just world that enables all genders to flourish, with their basic needs met for healthy food, water, shelter, safety, agency, belonging, human touch, respect, and personal growth.

I know many others, not just activists, think such a world is possible. Increasingly, tech gurus, CEOs, startup founders, mainstream politicians, and investors have joined the choir. I am a person whose hope requires continuous feeding so I eagerly read and highlight their thought leadership articles and better-future “unity now” books. I was floored yesterday to read this article, “Unless It Changes, Capitalism Will Starve Humanity By 2050,” in Forbes Magazine, the voice of big business in the United States.

Could it be that the tide is turning this time for real, with more people on the side of tackling the dysfunctions of patriarchy and capitalism? One thing I have noticed as a measure of hard evidence is that social entrepreneurs (who operate at the intersection of philanthropy and business) are getting a warmer welcome in business incubator and accelerator programs. In the past, they were often given a pat on the head (myself included) for cuteness and a one-way ticket to the back of the local community centre, and a desk beside the toy box.

I have spent time by the toy box (and in the toy box) as a social entrepreneur for more than 15 years now, so I am encouraged by this discourse shift, which is crucial to right a world marred by climate change and war-driven human migration, mass extinctions, gross income inequalities, an unhelpful global political shift to the right—need I go on?

But the stark reality is, despite all the studies, the rise of B Corp certifications, warm welcomes, and government-sponsored social finance funds, a quick look at the facts and figures tells us that we still really have no idea how to help social entrepreneurs grow impactful, solutionary enterprises while also sustaining themselves, their families, employees, and the communities they live in. As a result, social enterprises (in Canada at least) often remain small (fewer than three people) and rely heavily on life support dribbling in from donations, odd-ball grants, and micro-finance scale investments. It’s not unusual to see celebrated social entrepreneurs holding down a traditional day job while trying to grow their company just to pay fair salaries, and themselves, for years.

Social enterprises that provide services or education versus a product have an even tougher time. It’s easier (though slightly) to find financing when you involve the purchase of hard assets like a building (Centre for Social Innovation) or pre-sell a physical product (Lucky Iron Fish). In many mainstream, mixed incubator and accelerator environments, social entrepreneurs are still not taken seriously, and routinely feel like outliers that need to go elsewhere for relevant support.

We need social entrepreneurs to succeed more than ever. So where are we going wrong?

Time to Embrace the Old—And Make It New Again

Systemic blind spots are part of the problem. Social enterprises don’t fit neatly into the for-profit or non-profit box. As a result, the majority of today’s accelerators and incubator leaders and progamming folk do not have the skills or experience required to help social entrepreneurs consider their full range of options when it comes to structuring, designing and growing their new enterprise.

One of the most glaring omissions? Our startup ecosystem’s ability to support the creation and development of co-operatives, which is one of the most successful, evidence-based ways to create a large, profitable social enterprise that serves people and the planet. Typically, programs promote just two binary options: set up as a non-profit or for-profit. Sometimes, advisors actually recommend both so you can raise money and qualify for foundation grants. For a new entrepreneur, figuring out one legal form and paying for tax filings is already daunting enough, let alone administrating two legal forms, paying for two tax filings, plus recruiting and serving two boards to boot.

Few point out that there are other ways to structure and finance a social enterprise, like, for example, creating a for-profit co-operative.

Co-operatives have been around since 1862 (corporations have been around since the 1780s). Part of the problem is that our thinking about co-operatives, the world’s original and oldest social enterprise legal form, lags far behind the times. When we hear the term we imagine small quaint farms and food co-ops, newcomer credit unions, or city housing. Yet, co-operatives all around the world—and in Canada—are thriving, growing, and solving social and environmental issues, all while not exploiting people or the planet to do so.

Today, there are more than 9,000 co-operatives in Canada and 750,000 worldwide. According to the International Co-operative Alliance, the top 300 co-operatives globally report US$2.1 trillion in revenues. In Canada, co-operatives generate $54 billion in GDP (compared to the $9.1 billion created by the Canadian tech sector) and paid $12 billion in taxes and created jobs at nearly five times the rate of the overall economy. Research shows that co-operatives are twice as likely to survive than traditional businesses, often because the governance structure provides a strong pipeline for enterprise succession. Research also shows that 76 percent of consumers are more likely to buy from co-operatives.

Interestingly, there’s a strong feminist principle embedded in the very structure of co-operatives, which requires a wide variety of stakeholders be represented at the board table.

Modern, new co-operatives are springing up in an array of surprising sectors: green energy, breweries, co-working spacesretailnetworks, wine, arts facilities, and media. Stocksy, a platform-based co-operative, and a favourite of ours (we buy a lot of photos from them) puts the power back in the hands of its 1,000-plus shareholder artists, ensuring a fair distribution of profits, encouraging collaboration, and ethical business practices.

Oh, and sex! Come As You Are claims to be the world’s only worker-owned sex shop. The online co-operative offers “sex-positive” products, advice, and workshops as well as education and outreach to the community.

The principle related to sharing the wealth may well be what inspires people working in co-operatives to do well, for co-ops can and do make large profits, such as Ocean Spray, a global enterprise that generates $2 billion a year to support its 700 farmer members, processing facilities, and 2,000 employees. Arizmendi Bakery has spawned some five sister co-ops in California.

Why Ignore Successful Models?

If co-operatives are so great at growing, creating jobs, long-term financial stability, plus wealth creation and fair wealth distribution, why don’t innovation policymakers, startup incubators, and accelerator programs encourage their creation and development?

Well, it’s simple. Co-operatives do not serve traditional investor interests, and traditional investor interests overwhelmingly dominate and drive entrepreneurship incubator and accelerator programming.

Why don’t traditional investors like co-operatives?

Co-operatives are bound to reinvest or distribute profits to workers and/or member-owners versus prioritizing a small preferred share-class group of outside, privileged investors. Co-operatives are also nearly impossible to sell or flip for a quick investor return—or take over management if investors are suddenly dissatisfied with the social purpose’s impact on the rate of growth. Co-operatives are virtually mission-drift-proof, meaning the social mission today won’t fly out the window tomorrow because the mission is legislatively backed. In addition, members—each with one vote, regardless of the size of the stake in the co-operative—control that mission.

Essentially, co-operatives combine the best of the for-profit and non-profit world. And they might just be what we need more of today. They are built to reverse wealth inequality—not exacerbate it. Their seven principles require members to support the health of the planet and the well-being of their communities and all people.

There is now one accelerator in the US that’s focused on helping founders start co-operatives, the Boston-based Start.Coop, a partner in the Fledge Accelerator network that includes Tech Stars, Bainbridge Institute, and Seattle’s Impact Hub. But sadly, there is no such equivalent in Canada. We know. Because we looked. And we had good reason to do so.

The Journey to Becoming Canada’s First Womxn-Led Feminist Media Co-op

At our last advisory board meeting, the LiisBeth Media team and I decided to structure LiisBeth as a multi-stakeholder co-operative to support our mission. We believe this structure will enable us to create impact, achieve financial sustainability, and enable the enterprise to flourish for a very long time—or at least as long as it takes to achieve gender equality globally. With no local government-funded incubator or accelerator program around, we are left with having to navigate the journey on our own.

To learn more about co-operatives, we joined The Canadian Community Economic Development Network (CCEDNet). It offers a wealth of information on co-operatives and referred us to several experts.

For implementation expertise, we went online to find a law firm that had experience in the co-operatives space to help us do this right. Luckily, we came across Iler Campbell LLP, a “law firm for those who want to make the world better” (it also offers affordable rates).

To help us with important details, we have enlisted several co-op experts who have experience with discerning and understanding implications of membership categories, plus how to market co-op shares, lead and govern in a transparent, inclusive way.  Leading a cooperative requires sophisticated feminist forward leadership and management skills.

These are complex challenges that won’t be easy to solve but we’re excited to tackle them. In the coming months, we’ll share stories about what we learned and let you know who to go to if you, too, are interested in exploring a co-operative legal form for your social enterprise.

These resources and knowledge exist, most likely, outside of your local startup ecosystem. It’s there. You just have to find it.


Creating researched and inspirational content to support and advocate for feminist changemaking takes hundreds of hours each month. If you find value and nourishment here, please consider becoming a donor subscriber or patron at a level of your choosing. Priced between a cup of coffee or one take out salad per month.

Support LiisBeth

Subscribe!

You will have access to Payments processed through PayPal.





Funding

You can also contribute to our “Sustainability Fund” or an open donation in any amount.




Related Reading

https://www.liisbeth.com/2019/09/24/a-better-way-to-be-better/

Categories
Allied Arts & Media

THE END OF FEMINIST MEDIA? 

 

Image adapted from Media Blog NewsWire

On December 8th, the New York Times declared the end of feminist blogging in the US adding “Now many of those [feminist] sites are dead or dying, and Jezebel is under new management, part of a stable of publications run by the hedge fund-controlled ownership group, G/O Media….”. The deceased or absorbed by mainstream media list continues.

Closures and mergers are traumatic for all stakeholders including founders who likely worked for free much of the time, and wage dependent staff impacted by change. But are acquisitions or onboarding of established editorial teams into larger media brands all that bad? One could argue it’s great that mainstream media finally recognizes that feminist narratives are important to 50 per cent of its readers. In some circles, the fact that someone even wants to acquire a feminist enterprise in the first place is a kind of win–like when Walmart decided to go green.

However, we all know what happens when corporate culture takes over a successful indie startup. The values that underpin financial maximization doctrines ultimately change the nature and editorial voice of the once loved enterprise. Think Ben & Jerrys. Whole Foods and Amazon. And NOW magazine, Toronto’s feminist leaning news outlet led for 38 years by Alice Klein. NOW Magazine (25 million readers) was purchased by an all-male led publicly traded investment group just two weeks ago, Media Central Corp (a long running investment vehicle/enterprise formerly named IntellaEquity Inc. who in its exchange filings, describes itself as a diversified investment and venture capital firm focused on providing investors with long-term capital growth by investing in a portfolio of undervalued companies and assets).

Frighteningly, NOW was bought for a mere $2M, roughly the cost of two Mikimoto Empress pearl necklaces ($996,000 USD each). As a long-time fan of the publication, the aquisition price is bewildering given the paper’s important role, reach, and impact in Toronto. It tells us something about how GDP style metrics fail to capture the true value of a social purpose enterprise. It also says a lot about how today’s alt media companies are valued—even by savvy investors. Media Central Corp plans to buy up to 100 “undervalued” or stuggling alt media assets in the next five years. You have to ask yourself, why.

Is Feminist and Indie Media Dead?

While it’s true that many publications are closing or being acquired by financial maximization driven corporations, it is also true that each year, more and more new indie sites are launching. Recent success stories in Canada include Village Media which owns and operates 11 local digital news sites and 15 (and counting) additional partner sites.  Feedspot’s 2019 Best Feminist Blog list has grown from 10 to 20 (LiisBeth is on the list too!) in the feminist media space, and new publications pop up almost as quickly as others close. From a feminist perspective, its concerning that most of the new outlets are male-led and majority owned.

Notwithstanding, clearly there is an appetite for indie journalism and media. So, what’s the real problem here?

The fact is, surviving and flourishing as an indie media enterprise takes more than passion, crackerjack content, clicks and coin—it requires a resourceful founder with attitude, and the willingness to swap big for bold—more Ani DiFranco, less Warner Bros. It will also a design thinking approach to core legal, governance,and capital structures.

It also takes an effort to boldly rethink the revenue model. From afar at least, it seems to be that while these important feminist blogs (I read them too) had awesome content, most were set up as traditional non-profit or for-profit enterprises. Millennial in the front, old school at the back (largely advertising or influencer dependent). The reality is that media outlets can no longer compete for advertising revenue with rapacious social media giants like Facebook and Google (The Discourse reports that today, a mere ten cents per advertising dollar spent in Canada goes to actual media publications).

I know this sounds depressing. But I personally believe there is a way. It it starts with being super careful and intentional about growth and an interest in alternative legal forms (cooperatives, collectives) plus capital structure innovation.

Here at LiisBeth, we have an annual budget of about $35,000 after three years of operating (hey, it was $5,000 at first). Approximately 30 per cent of our revenue comes from reader donations (you). The rest comes from conferences, seminars, events, and consulting gigs related to feminist enterprise development. We do not sell ads, accept sponsored content, or generate influencer income. This fall we invested $7,000 into our Feminist Enterprise Commons (FEC) initiative (we wanted to get off of Facebook groups and provide readers with a place to communicate and support each other without being in Zuckerberg’s eyes—and make the unbridled organization richer with our data). Approximately 85 per cent of our spend goes to paying for articles and editorial work. The rest covers the cost of digital licenses we need to publish (WordPress, InDesign, Mailchimp, etc.) and stuff like accounting and legal. As the publisher, I am the only volunteer staff member. We have no investors. No bank debt. No credit card debt. Last year we received our first grant ($10,000) from the City of Toronto to publish ten profiles of feminist entrepreneurs in Toronto. We watch every penny. We re-invest every dollar that comes in. We have an awesome advisory board and steady list of contributors. And about 19 000+ unique annual readers.

New initiatives for next year include building up our Feminist Enterprise Commons, raising funds for an Emerging Feminist Journalism Scholarship program, and test driving an experimental correspondent program in either Vancouver or New York. After taking a deep dive look into alternative governance and capital structures, we are also working to transform LiisBeth into a multi-stakeholder cooperative by June 2020.

Some might say that given our meager top line and spend we are not yet a “serious” business. At which point I quickly remind everyone that Bust, Shamelss, Bitch, Herizons, Ms, Rabble.ca, AdBusters, and other status quo busting media were once a startup like ourselves. After 20 years, these survivors are still serving millions of readers collectively via both print and digital offerings. Despite existing on the equivalent of starvation level, vegan diets, they have grown and learned to competently surf wave after wave of tech driven disruption with the help of a loyal and committed core reader community.

So sure, a bunch of feminist blogs succumbed to what feminist business thought leader CV Harquail describes as the “Stargate” like “the magic circle” of business, but that doesn’t mean feminist blogs or indie media is disappearing. It means the sector is evolving and healthy. New blogs and outlets will appear to fill the void. Existing ones will change. Others will close or get bought out. Activity like this is the hallmark of a living, breathing sector.

The big media sector at present, is in a state of a gut-wrenching macro level transformation. It looks bad from industry heights above.  But here on indie’s ground level, I see signs of regeneration. Many of those now out of work editors and journalists energized by moral outrage will be bitten by the spirit of entrepreneurship. Having learned a lot in the trenches, I have confidence they will reemerge to reinvent the industry in ways previously unimagined.

And all you need to do, dear readers, to accelerate that change, in the name of an informed, robust, and accountable democracy, is to support them (and in particular womxn-owned/led outlets) not only with your attention and admiration—but also with your dollars.


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Related Reading

https://www.liisbeth.com/2019/04/02/will-next-generation-news-media-ownership-be-gender-balanced/

 

Categories
Activism & Action Our Voices

Lunch with a Feminist Icon

A feminist icon has lunch at The Pilot in Toronto

Let me gift you with a feminist trivia game for your next feminist holiday gathering. And I’ll wrap it up with a big hint: the questions all have the same answer.

Question #1: Who was the woman who saved the life of abortion rights advocate, Dr. Henry Morgentaler, by fearlessly stepping in front of an attacker wielding garden shears at Morgentaler during the opening of Toronto’s first abortion clinic on Harbord Street?

Question #2: Who led the fight to get abortion legalized in Canada in the 1980s, while serving as president of the National Action Committee on the Status of Women (NACS), the feminist lobby group that represented more than 700 women’s rights groups across Canada and, from 1971 to 2007, successfully pressured the government to take action on daycare, birth control, women’s right to choose, maternity leave, family law, poverty, racism, women’s equality in Canada’s Charter of Rights, and violence against women—to name just a few issues?

Question #3: Who is Canada’s Gloria Steinem? Okay, that’s not an entirely fair question as we like to think Canada has a few. But, on top of authoring seven books, hosting a prime-time TV show, and writing countless articles about the women’s movement and social justice, this woman also co-founded rabble.ca, Canada’s largest independent, alternative news outlet and discussion site, and served as its publisher?

Question #4: Who understood and acted on intersectional feminism—social justice for all women—long before it was a thing?

Still stumped? You can imagine my frustration when I excitedly gabbed to everyone I knew that I was meeting Judy Rebick for lunch! Too often, the response was, Who is Judy Rebick?

Judy Rebick’s latest book is a memoir titled Heroes in My Head

 Who is Judy Rebick?

Well, I can tell you that Judy Rebick is a woman who not only shows up when she’s needed—she gets there early. She was already waiting for us at The Pilot tavern, a hangout for writers, musicians, and artists since Toronto’s Yorkville hippie days in the 1970s. Gordon Lightfoot performed with Bob Dylan here. It’s also steps away from the Toronto Reference Library, a place where writers spend a lot of time.

When I arrived, Rebick looked up. Though we had never met, we recognized each other immediately. Her stance, head of thick but now graying curls, and iconic glasses gave her away. Rebick greeted me with a big “in solidarity” hug. LiisBeth’s associate editor Lana Pesch, rushed from her day job, as eager to meet this feminist icon as I was, joined us soon after.

We quickly ordered coffee and lunch so that we could get down to talking without further interruptions. Rebick, now 73, was as keen to know about us as we were her. We shared histories and some great stories, then I shifted the conversation to a topic we came to learn more about: growing a sustainable media outlet in a time of turmoil for media enterprises in general.

Judy Rebick on Idle No More

I asked her what we, as feminist changemakers and publishers, could learn from her experience both as a long-time feminist journalist and as a co-founder/publisher/editor of rabble.ca, an alternative online publication (launched 2001) and now one of the country’s most successful, attracting 800 members, two million page views, and 350,000 unique visitors per month according to Google Analytics.

Specifically, for LiisBeth and our readers, I wanted to know the path to rabble.ca’s success. How did it ever get off the ground and survive this long, without a major foundation footing bills, angel investors or sponsors, or even a paywall?

Rebick told us that she and her co-founders were convinced that Canadians were frustrated by the mainstream press extolling neoliberal narratives. They wanted and deserved an alternative point of view on current issues and events. So Rebick and friends created a plan and hit the road to find funding. In one year, they raised $200,000 in startup funding including $120,000 from the Atkinson Foundation along with funds from some 18 unions—enough to code and launch rabble.ca.

Seventeen years later, Vancouver-based rabble.ca now generates approximately $350,408 in revenues, of which $121,000 (34.8 percent) come from reader donations. Income from sustaining partners (unions) represented another 50 percent while 14 percent comes from grants and various sponsorships. While the site promotes its advertising utility, less than 1 percent of its revenue comes from ads.

Rebick explained that unions backed rabble.ca as the publication offered a way for the left to connect and unions to connect with their constituents about ideas, critiques of policy, and economic analysis that the mainstream media largely ignored.

The idea of an online newspaper and participative forum for readers was totally rad at the time. That was early-stage internet and way before Facebook or Google.

Since its launch, some 90-plus independent news and magazine channels have appeared, and none have readership figures as high as rabble.ca yet. In Canada. But as Rebick filled us in on rabble.ca’s journey—the type of stories they chased and how—we were reminded how critically important alternative media is to any functioning democracy. Such media organizations hold political and business leaders accountable, bring new business models to light and offer an outlet for ideas of alternative world–making.

We were also reminded that financially sustaining an alternative indie media enterprise is a little like figuring out how to keep a fish alive and healthy out of water. After all, how do you challenge the status quo if you’re trying to raise money from people who benefit from systemic inequality?

Rebick certainly got us thinking, because at LiisBeth, we have similar values and face many of the same challenges as rabble.ca. We believe passionately that feminist entrepreneurs can change the world. We have faith in the idea that grassroots storytelling and discussion opportunities matter. And we dig deep to figure out what it takes to create, grow, and leverage a sustainable, social justice–forward digital media enterprise in today’s world.

Rebick believes that technology-enabled movements, aided by aligned alternative media outlets, are transforming power. Social movements—not governments, lobby groups, or corporate social responsibility initiatives—are correcting the course, exploding our ability to imagine new worlds, advance democracy and human rights, and force action on climate change. Rebick explained how different recent tech-enabled protests such as Arab Spring, Idle No More, and Occupy were to the anti-globalization rally in Quebec in the late 1990s. And she should know. She was there. On the ground. Involved in it all.

And suddenly, it was 2 p.m. Rebick was in demand again, at another meeting. She signed my copy of Ten Thousand Roses, the book she wrote on the making of a feminist revolution, and graciously rushed out.

Lana and I lingered, talking about how our conversation with Rebick was like getting drawn into an incredible living book on Canadian feminist action and social progress. The entire meeting was so engrossing that we completely forgot to document the occasion. No group selfie or even a picture of Judy. And we are a social media organization, with an online magazine and newsletter!

How will anyone ever recognize this incredible feminist icon? Chagrined, we took a picture of the chair she sat in.


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 Related Reading

https://www.liisbeth.com/2018/12/19/meeting-a-feminist-icon-liisbeth-publisher-pk-mutch-on-encountering-the-leading-feminist-activist-of-her-life/

https://www.liisbeth.com/2015/11/30/a-sit-down-with-ruth-bader-ginsburg-and-gloria-steinem/