Welcome to another episode of “This week in Nangu” 🤗. To kick things off, here is an update on our social media statistics. As of today, 433 people have joined us on Facebook and 70 people are part of our Instagram community. Welcome, if you have recently joined us on our journey!
This week, we have continued our focus on our governance vision and how we can translate this into a strategy for the incorporation of Nangu. We envision Nangu to be democratically governed by its members. We also want its members to have a real stake and ownership in the organization. For this, the legal structure of a co-operative is very attractive as amongst other factors, it allows each member to have one vote. This is different to classical shareholder businesses, where your voting “power” is proportional to your economic investment. At the same time, there are some limitations with this legal form. It is for instance more difficult to attract outside capital to fund a project like Nangu.
Over the coming weeks we will translate our ideas into a concrete proposal of incorporation. Stay tuned!
As part of our roadmap review, we have highlighted several areas which we think are important to get more clarity on. For each area we have defined an “outcome” which will help us drive those items. In the next week, during our “planning cycle” we will prioritize our upcoming work. The items below in combination with our roadmap will inform how those priorities will be shaped.
Nangu as a legal entity / entities exists. Next to being incorporated, the constitution and bylaws for Nangu are defined. It also includes mechanisms and relationship definitions for founders, early employees, employees and investors.
We have a document / matrix which defines the criteria we are looking for when it comes to the land for the first Nangu village. With this document / matrix we can then review the different options available and make an informed choice. We will use this to kickstart our research into available plots of land in Costa Rica.
We have role descriptions for each of the roles required for the Nangu Core Team. They will likely align with the topics listed here. We will use those role descriptions to help us gain a better understanding of where we need help and at the same time as potential descriptions for potential candidates.
We have a high level 3-5 year plan of how we envision to turn degraded land into a productive, regenerative food forest. This plan in form of a document is dependent of the actual land. This means that we aim to get a macro view of our approach and leave enough room so that we can adjust as we zoom in on potential plots of land.
We have an understanding and a high level plan of how Nangu will operate from an economical perspective. This means that we have understanding of basic variables which shape the economic future of Nangu. Those variables amongst many others include, cost of land, worker compensation, revenue models of farming produce, operational modelling and a P&L forecast over the coming years.
We have a document which summarizes why investing into Nangu is an attractive, and sustainable vehicle for potential investors. Next to sharing our vision in an easy to digest form, we also expect that the items in this list will play a central role in highlighting our thinking around building Nangu.
For now, this concludes this week’s summary. Please follow us on Instagram if you are interested in our next steps. Take care!