Navigating Capital
Financial Modelling and Investment Readiness
The topic of fundraising can be fraught for folks struggling against capitalism’s destructive influence. This series will walk you through the steps you need to take to be ready to raise money in whatever form you plan to use—bank loans, grants, investments, revenue sharing, preferred share offerings, and more—without losing sight of your collectivist values.
There is much work to do in Canada to transform the funding mechanisms themselves to be more collectivist, such as promoting community funding models, mutual aid networks, and reinvesting profits directly back into communities and worker benefits. This is Weird Ghosts’ mission. In the meantime, game cooperatives implementing practices that align with their values can create better conditions for all workers now.
Why Financial Modelling Is Useful
In the first part of this series, we look at why finacial modeling is useful, and how it can help you make better decisions about your cooperative’s future. A big part of embarking on the investment readiness journey is reflecting on our relationship with money and being clear about our goals and biases as we prepare to approach investors and lenders. Read more…
How to Create a Financial Model
In the second part of this series, we will walk you through the steps to create a financial model for your cooperative. We will cover the basics of financial modeling, including how to create a balance sheet, income statement, and cash flow statement. Read more…
How to Prepare for Investment
In the third part of this series, we will look at how to prepare for investment. We will cover the steps you need to take to be ready to raise money in whatever form you plan to use—bank loans, grants, investments, revenue sharing, preferred share offerings, and more. Read more…