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community guidelinessocial impactfaqs💗 impact fund
our impact fund is designed to support & collaboratively work with our 5 core community partners.
not only does 1% of gross merchandising value that flows through somos go into our fund, but our community partners are also shareholders in our business.
🤝 what benefits do our core community partners get?
equity ownership + dividends
- our core community partners are allocated 500 shares each with the same financial and voting rights as the founder and investors have.
- this entitles them to dividends and a pay out in the event somos is sold.
- our ownership model
1% of gross merchandising value
- 1% of all cash that flows through the platform via our course sales will be split equally amongst our core community partners.
- how this works in practice
1% of any additional somos revenue
- we also donate a further 1% of any additional somos revenue to our impact fund.
- this will also be split between our core community partners 😀.
in kind benefits
- where relevant to their own mission & goals, somos core community partners will be able to use our technology for free (or at cost if provided by a third party).
- we also provide access to our deals/discount marketplace in partnership with builtfirst.
🤔 frequently asked questions
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