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Assets in Common

Stories of business and community leaders remaking the economy from the ground up

Infrastructure for Shared Ownership Charity May Jay Standish Chelsea Robinson

$108.95   $92.84

Paperback

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English
BookBaby
06 November 2024
""Assets in Common"" is a groundbreaking book that unveils a powerful strategy for transforming the U.S. economy through the principles of shared ownership and stewardship. Drawing from extensive research and real-world examples, the authors present a compelling case for how interconnected networks of enterprises can foster economic resilience, generate shared prosperity, and provide a viable alternative to the dominant extractive economy.

The book dives deep into case studies, showcasing diverse models of shared ownership infrastructure in action. From the multi-stakeholder cooperative ecosystem supporting textile manufacturing in rural North Carolina, to Japan's resilient Sumitomo keiretsu, to the complementary currency enabling local businesses to thrive in Sardinia, these stories demonstrate the power of collaboration and collective stewardship.

Through their analysis, the authors identify key patterns and mechanisms that emerge across these successful examples. They explore how shared balance sheets and resource pooling can increase liquidity and competitiveness, how shared services cooperatives create efficiencies through collaboration, and how value chain integration can be achieved through cross-shareholding and internal financing. The book also highlights the crucial role of pragmatic, purpose-driven leadership in balancing individual agency and collective benefit, as well as the importance of fostering cultures of reciprocity and trust.

""Assets in Common"" not only identifies what's working at scale but also provides a roadmap for what's needed next. The authors offer concrete opportunities for business leaders, policymakers, and funders to advance shared ownership infrastructure. They provide a detailed recipe for launching shared services cooperatives, outline steps to build steward-owned holding companies, and share principles for structuring financing that builds long-term resilience.

Throughout the book, the authors make a compelling case that evolving beyond an extractive economy requires not just standalone alternative models, but interconnected networks designed for collective resilience and reinvestment. They argue that strategies such as cooperation between companies, shared balance sheets, holding companies, and shared services have the potential to create a more equitable and sustainable economy.

""Assets in Common"" is a must-read for business and community leaders who want to be part of the solution. Filled with practical insights and actionable steps, this book is an invaluable resource for anyone seeking to build infrastructure for shared ownership and stewardship. Whether you're an entrepreneur, investor, or engaged citizen, ""Assets in Common"" will inspire you to rethink what's possible and provide you with the tools to make a meaningful impact.

With its engaging storytelling, rigorous analysis, and visionary yet pragmatic approach, this book offers a hopeful and actionable vision for a more resilient, equitable, and sustainable future, one where the benefits of economic success are shared by all.
By:   , , , ,
Imprint:   BookBaby
Country of Publication:   United States
Dimensions:   Height: 228mm,  Width: 152mm, 
ISBN:   9798350956542
Pages:   320
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active

Assets in Common was written by an expert team of practitioners and researchers working together within a project called Infrastructure for Shared Ownership. Charity May is the Founder and Principal of Sacred Futures, an advisory practice that guides partners in the reimagining, designing and implementing of governance, leadership and ownership models, sustainable growth strategies, and financing vehicles to cultivate renewal and reciprocity between human and more-than-human Worlds. She has directed the investment, structure and development of over $575 million for education facilities, conducted the underwriting, analysis, origination and structuring for over $3.8 billion of leveraged finance transactions, and managed a portfolio of middle-market companies totaling $134 million in debt commitments. Charity is a systems designer, writer and advisor, supporting the governance and strategic development of funds, projects and businesses committed to building towards a regenerative economy. Jay Standish is an entrepreneur and creative with a background in community and real estate. The last company he founded, OpenDoor Coliving, ran for 10 years and operated over 400 units of community housing across three states with over $70M in AUM. Jay wore many hats - raising capital, acquiring + developing real estate, implementing community programs, hiring a team and building an automated marketing platform. Prior to OpenDoor, Jay co-founded Impact Hub Seattle, a coworking space for social entrepreneurship part of a global network. Jay has an MBA in Sustainable Systems and also has a skillset in design and visual arts. Jay has wilderness experience including a 75-day expedition in Western Australia. Chelsea is a serial founder and builder of impact organizations, a movement organizer, facilitator, and program designer. Convening for collaboration and innovation/accelerator programs are her specialties. Chelsea has worked with philanthropies, nonprofits, governments, and startups for over 12 years. Most recently Chelsea was the Co-Executive Director at Open Lunar Foundation, leading an international network of cross disciplinary experts to build open infrastructure projects for the Moon. Good governance and stakeholder decision making is a lifelong passion and focus for Chelsea, having studied and practiced in the field of governance design for companies and countries alike. Chelsea has been involved in Purpose informally since its founding, and has direct experience as a member of worker-coops and shareholding in commons holding companies, having written about these topics in books such as Better Work Together. Zoe Schlag is a co-founder and Managing Partner at Common Trust, and has spent her career as an entrepreneur and investor. Prior to Common Trust, Zoe served as an Entrepreneur-in-Residence at Eric Schmidt's family office, where she designed and led their Shared Ownership investing, and before that was as a Managing Director at Techstars, a global venture capital financing platform investing in ~500 startups annually with a combined portfolio market cap of $63.3B. Zoe led Techstars' first impact fund and accelerator program, investing in 74 companies. Before Techstars, Zoe founded and served as CEO of UnLtd USA, an impact investment fellowship program, which she led to join forces with Techstars in 2017 to launch Techstars Impact. Zoe began her career in the international development world, working with ex-guerrilla fighters on an organic coffee farm in Guatemala, and later with child laborers and their families in rural Argentina, before transitioning into impact investing in India. Over Zoe's career, she has worked with mission-driven founders and investors from seed through growth and exit. Zoe is an Aspen Ideas Scholar at the Aspen Institute, a World Economic Forum Global Shaper and holds a B.A. in International Relations from Tufts. Derek Razo is Co-founder and Managing Partner at Common Trust, where he leads business and product development. Recognized as one of the nation's foremost authorities in this field, Derek has led shared ownership and steward ownership transitions since 2017. He co-founded Purpose International in 2016 and then later Purpose US, which have led the movement for steward ownership and popularized the use of Perpetual Purpose Trusts for mission protection. Derek has served as an investor, advisor, and delivery partner for businesses shifting to stakeholder and purpose ownership. Derek's extensive experience also includes collaborating on community-led projects such as affordable housing and real estate, and indigenous-led funds. Derek studied computer science and business at UC Berkeley, and has been a serial founder of cooperative and open source businesses throughout his early career.

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