FareEats (www.fareeats.coop) is a food ordering app for restaurants, grocery stores and food-service businesses.
By becoming a driver, you get 90% of the delivery fee and ownership in the platform through a driver-owned co-operative in your area (Local Driver Co-op).
Local Driver Co-op is a cooperative that is owned by its members – the drivers. It includes all drivers – rideshare, taxi, medallion holders, fleet operators, delivery couriers and truck drivers.
What is a Cooperative?
A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity. In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility and caring for others.
Cooperative Principles
The cooperative principles are guidelines by which cooperatives put their values into practice.
1. Voluntary and Open Membership
Cooperatives are voluntary organisations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.
2. Democratic Member Control
Cooperatives are democratic organisations controlled by their members, who actively participate in setting their policies and making decisions. Men and women serving as elected representatives are accountable to the membership. In primary cooperatives members have equal voting rights (one member, one vote) and cooperatives at other levels are also organised in a democratic manner.
3. Member Economic Participation
Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing their cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.
4. Autonomy and Independence
Cooperatives are autonomous, self-help organisations controlled by their members. If they enter into agreements with other organisations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.
5. Education, Training, and Information
Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their co-operatives. They inform the general public – particularly young people and opinion leaders – about the nature and benefits of co-operation.
6. Cooperation among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.
Membership in Local Driver Co-op
To become a member of the Local Driver Co-op, we collect a one-time contribution of $100 from each driver. However, the first 55,000+ drivers in the USA and 9,000+ drivers in Canada join for FREE!
Membership comes with shares and each driver gets 1 share, while medallion holders get 1 share for every $100,000 they had invested into their medallion (e.g. 5 shares for $500k, etc.). Through the co-op, the value of your investment will increase over time so if at any point you decide to stop driving, retire and leave the co-op, you will receive a full return on your investment (proportional to your driving hours).
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