VCET Lunch & Learn: Exploring Employee Ownership Models
12:00 pm - 1:00 pm
While it can often seem like a distant dream for folks working to get a new business off the ground, the earlier you can give serious thought to your desired exit, the more likely the path you end up choosing will be the one most in alignment with your vision and values. One option that’s less well known, but with which a number of Vermont entrepreneurs have found successful exits, is the sale of the company to the employees through an Employee Stock Ownership Plan (ESOP) or cooperative. In this session, Matt Cropp of the Vermont Employee Ownership Center will provide an overview of common broad-based employee ownership models, how an exit to employee ownership works, and the strategies founders can employ pre-exit to build a strong foundation for an ownership culture.
About the Speaker:
Matt Cropp is the Executive Director of the Vermont Employee Ownership Center, a non-profit that promotes and fosters broad-based employee ownership in the Green Mountain State. In addition to that work, he’s involved in a number of co-op start-ups, including the Oak Street Co-op, Full Barrel Co-op, social.coop, and the Vermont Real Estate Cooperative. He received his MA in History from UVM in 2011 with a focus on economic history and cooperative finance, and lives in Burlington’s New North End.
About VCET Lunch & Learns:
These virtual workshops cover a variety of topics to help entrepreneurs and small businesses learn, grow, and succeed. VCET (Vermont Center for Emerging Technologies) also offers active coaching, business consulting, mentorship, coworking spaces, and seed investment.
About our Sponsor:
CWEVT (Center for Women and Enterprise) is Vermont’s Women’s Business Center – helping you start and grow your business. We lift up womxn who lift up the world!