Let's experiment with how we do business

banging the drum about alternative early stage investment in Scotland and the wider UK

supporting the development of the purpose-driven business ecosystem in Scotland

venture scouting – if you’re an ambitious and underrepresented or overlooked founder building a global company, get at me!

monthly events and content for Zebras Unite Edinburgh

gathering stories and resources here, for founders following a different path

Calm Company Fund (previously Earnest Capital) – funding for bootstrappers, that treats the investor like another founder – when you get paid, they get paid. Also preserves optionality depending on the path that's right for you. They have specifically said they’re open to UK companies!

Tiny Seed - a remote accelerator for SaaS that includes funding along similar lines to Earnest. Now with European cohorts!

Uncapped & Outfund – funding for growth, paid by a % of revenue until you meet the investment plus a fee. Plug in your accounts and the algorithm decides.

Clearco – same again, except they've really led the way on this in the US and have some other interesting products that will hopefully make it over to the UK sometime.

2050 – an evergreen VC fund focused on impact for the long-term.

Catalyst Fund - a revenue-based fund for asset-locked social enterprises in Scotland.

Crisis Venture Studio - support for start-ups working to end or prevent homelessness from the charity Crisis.

Unfound - What if Uber was owned by the drivers? Or Spotify owned by the artists? Unfound is the UK's digital platform co-op accelerator.

Catch22 - in collaboration with Social Tech Trust and Hatch Enterprise, Catch22 will be taking a different approach to supporting social enterprises with the Youth Employment Fund by supporting startups to build solid B2G models, delivering public services and unlocking investment.

Purposely - a tool to help you write purpose right into the DNA of your company, your articles of association.

Going for Gold - a report on how to use a Golden Share to protect your company's mission. Interestingly, the British Venture Capital Association's draft response to the Cabinet Office’s call for evidence on Mission-led businesses cites the use of a golden share as a great way to protect a startup's mission when taking on investment.

Community Shares and Community Benefit Societies - community shares are a democratic form of equity, only available to Community Benefit Societies in the UK. Often used for local communities to raise finance to acquire assets, Community Shares are also relevant for online communities of interest.

Purpose Economy - supporting steward entrepreneurship, the concept that entrepreneurs are stewards of a company's purpose and profits are a means to fulfil that purpose.

Exit to Community - how can we preserve the mission of a company on exit? Exit to the collective ownership of those who value that mission the most - users, employees, community. See also employee ownership.

B Corp - an holistic certification for businesses that demonstrates their commitment to all stakeholders.

The Business of Wellbeing - a wellbeing economy delivers human and planetary thriving as its highest priority, instead of growth, and businesses can be part of that.

Future Fit - tools to guide companies and investors to create value for themselves and society, now and in the future.

Doughnut Economics for Business - the aim of this tool is to facilitate a deep reflection on the internal organisational design of a business, and on what systemic changes are needed if it is to become regenerative and distributive by design, and so help bring humanity into the Doughnut.

Ethical Explorer - tools for thinking about the impact of the tech you're building.

Mozilla Foundation - protecting the internet as a global public resource, Mozilla has loads of interesting resources and events.

Tech Transformed - originally developed by Dot Everyone, a suite of tools to help you be a responsible innovator.

Tech for Good - global movement supporting the use of technology in making the world a better place

Here's Buffer's Joel Gascoigne on how he bought the company out of the VC dilemma: We Spent $3.3M Buying Out Investors: Why and How We Did It

Zebras Unite co-founder Jennifer Brandel found the right kind of investment, and investor, for her company Hearken: Hearken expands to Europe. Here’s the backstory + an interview with our “Zebra” investor

Library of Things is exploring the 'how' of doing business better - read about how they're using some of the structures explored in the 'Innovators' section such as steward ownership, golden shares and demand dividends here in the UK: Investing in our Future

Gumroad's Sahil Lavingia thought he was riding a rocketship but ended up building a sustainable, independent business: Reflecting on My Failure to Build a Billion-Dollar Company

Growth-at-all-costs didn't work for Wistia - so they raised $17m in debt to buy out their VC investors: How an Offer to Sell Wistia Inspired Us to Take On $17M in Debt

Thompson Aderinkomi built a startup, lost it and built it again with the help of a different kind of funding from Indie VC: Indie and Me

Rand Fishkin had started a venture-backed startup before but knew that that wouldn't work for his new company, SparkToro, so he raised a different kind of funding: SparkToro Raised a Very Unusual Round of Funding & We’re Open-Sourcing Our Docs

Equal Care Co-op is delivering a digital social care platform as a multi-stakeholder co-op, raising funds through community shares: New tech platform ready to “radically reshape” UK social care system

Have you heard about Mondragon, the world's largest worker-owned co-operative?

How Yvon Chouinard turned his eco-conscious, anti-corporate ideals into the credo of a successful clothing company: Patagonia's Philosopher-King

Juho Makkonen of Sharetribe opted for a 'steward-ownership' model to ensure the company would always work in service of society, not the other way around: Steward-ownership is capitalism 2.0

In 1961, the three Robertson sisters founded a charity, gifting it their shares in the family business. The business was Edrington, which today makes some of the biggest names in Scotch whiskies, and is still majority-owned by The Robertson Trust, Scotland's largest independent grant-making charity. Read about Robertson and Edrington.

Obran does private equity with a difference - a co-op conglomerate holding profitable small to medium size businesses and real estate on behalf of worker-owners.

Blipfoto exited to community and is now owned by its users.

Investment Memo for Earnest Fund 2 by Tyler Tringas. The best thesis out there on alternative early stage funding.

Don't go chasing unicorns: a classic take on why VC should never have become the default form of startup funding, and what to do about it, from Aner Ben-Ami.

Why we burn the unicorn by Bryce Roberts of the sadly-missed Indie VC. "If you don’t look like, act like, talk like, build like, raise like, live where, or work on what VCs typically fund your efforts are not any less worthy."

Adventure Finance by Aunnie Patton Power (book!): How to Create a Funding Journey That Blends Profit and Purpose

The Diffraction of Venture Capital by Nicholas Colin. Why Venture Capital is changing, and why it's changing now.

Revenue-Based Investing by David Teten. A whole series of articles on alternatives to VC.

Investment by a VC into a democratic, worker-owned Public Benefit Corporation by Jason Wiener

How our impact-first approach led us to our first Perpetual Bond by Esmee Fairbairn Foundation. A new option for equity-like social investment.

Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist by Kate Raworth (book!)

The Economics of Arrival: Ideas for a Grown-Up Economy by Katherine Trebeck and Jeremy Williams (book!)

Prosperity without Growth by Tim Jackson (book!)

The Value of Everything: Making and Taking in the Global Economy and Mission Economy: A Moonshot Guide to Changing Capitalism by Mariana Mazzucato (books!)

How can start-ups and charities collaborate for good? Check out this paper, Better Together, from Nesta for inspiring examples.

The Innovation Blind Spot: Why We Back the Wrong Ideas and What to Do About It by Ross Baird (book!)

Abolish Silicon Valley: How to Liberate Technology from Capitalism by Wendy Liu (book!)

The Entrepreneurial State: Debunking Public vs. Private Sector Myths by Mariana Mazzucato (book!)

Is there a trend in Buying Corporate Social Responsibility? Check out this interesting paper on corporates acquiring social impact companies (B-Corps in this instance).