Midnight Oil Collective
Midnight Oil Collective (MOC) is an organization that incubates, accelerates, and invests in arts and entertainment ventures. It combines elements of venture capital and cooperative economics, providing early funding to promising projects and supporting artists as they bring their ideas to fruition. Founded by artists, Midnight Oil Collective is a worker-owned cooperative registered as an LLC. It aligns the interests of producers, investors, and artists by creating a structure where artists participate in the profits of both their project and the fund as a whole (if realized).
AmbitioUS is providing $75K in equity investment for MOC’s Spark I, LLP. – an investment fund that is experimenting with providing non-extractive capital to artists which positions them to be their own managers and producers, shares profits amongst artists, and incentivizes collaboration over competition.