Founding Investors · co-op.care

20 spots. $10,000. 0.5% equity.

co-op.care is building the first physician-governed AI care platform for aging families. Before the BCH partnership closes, we're offering 20 founding investors a seat at the table — and a real stake in the cooperative.

20 founding investor spots available

Express Interest Email Blaine directly →

For accredited investors only. This is not a public securities offering. See legal disclosure below.

The thesis

A platform the market can't build — because the model won't allow it.

Home care is a $350 billion industry with a 77% annual caregiver turnover rate and a 3-million-worker shortage. The reason isn't labor supply — it's a structural problem. Caregivers are classified as interchangeable contractors, paid near minimum wage with no benefits, no equity, and no reason to stay. Families get a stranger every time. The quality problem is actually an ownership problem.

co-op.care is a worker cooperative, not a staffing agency. When caregivers earn $25–28/hour as W-2 employees with an equity stake in the business, turnover drops. When turnover drops, families get continuity. When families get continuity, health outcomes improve — and that data becomes a genuine competitive moat. We've built CareOS, a 50-file AI platform that maps clinical need to Omaha System nursing standards and generates FHIR-grade longitudinal care records. No agency in our market has anything like it.

The physician layer is what unlocks scale nationally before a single caregiver is hired in Boulder. Co-founder Josh Emdur, DO — licensed in all 50 states — reviews AI-generated Letters of Medical Necessity that qualify home care costs for HSA and FSA reimbursement. At 10–20 letters per hour, at $150–300 per letter, that revenue stream requires no caregivers, no license, no local operations. It funds the Colorado build while we prove the model before any health system partnership is required.

Membership tiers

Four ways to be part of co-op.care.

Founding Investor is the top tier — equity, advisory council, and everything below it included.

	Resident Free Community access	Member $59/mo Full platform	Founding Member $499/yr 3-year lock	★ Founding $10,000 0.5% equity
Sage AI + care platform access	–	✓	✓	✓
ComfortCard digital health identity	–	✓	✓	✓
LMN access (HSA/FSA unlock)	–	✓	✓	✓
Priority caregiver matching	–	–	✓	✓
3 years Founding Member access ($1,497 value)	–	–	✓	Included free
Equity stake in co-op.care LCA 0.5% per investor	–	–	–	0.5%
Founding advisory council seat	–	–	–	✓
First right of refusal on Series A	–	–	–	✓
Quarterly updates direct from Blaine & Josh	–	–	–	✓
Founding Investor badge on member profile	–	–	–	✓
Name on Founding Investor wall (opt-in)	–	–	–	✓
Annual founding gathering in Boulder, CO	–	–	–	✓

Founding investor benefits

What $10,000 gets you — in detail.

% 0.5% equity stake in co-op.care LCA core Direct equity in the operating cooperative LLC — the entity that employs caregivers, serves families, and collects LMN revenue. This is not a SAFe note or a synthetic instrument. It is a membership interest in a Colorado Limited Cooperative Association, governed by CRS Title 7, Article 58.
◆ Seat on the founding advisory council The council convenes quarterly via video and annually in Boulder. You have direct input on product priorities, partnership strategy, and cooperative governance decisions before they're finalized. Not a ceremonial role — a working one, sized for people with 4–8 hours per quarter.
→ First right of refusal on Series A If co-op.care raises an institutional round, founding investors have the right — not the obligation — to participate at the same price and terms before outside capital is accepted. This is documented in the founding investor agreement and survives any entity restructuring.
✉ Quarterly investor updates — direct from Blaine and Josh Not a newsletter. A real update: revenue numbers, milestone progress, what we got wrong, what changed. Delivered personally via video and email, every 90 days, starting the quarter after your investment closes. You can reply and expect a human answer.
★ Founding Investor badge on your co-op.care member profile A permanent, public marker of your founding role — visible on the platform to caregivers, families, and health system partners. Optional, but it carries weight with the community we're building.
▸ 3 years of Founding Member access included free ($1,497 value) Everything in the Founding Member tier — ComfortCard, Sage AI, LMN access, priority caregiver matching, Founders Slack, and the 3-year price lock — is included at no additional charge.
■ Name listed on the Founding Investor wall (opt-in) A permanent page at co-op.care/founding-investors, maintained as long as co-op.care operates. Opt-in. If you prefer anonymity, your stake and rights are identical — your name just won't appear publicly.
● Invitation to the annual founding gathering — Boulder, CO One day per year in Boulder. Founders, investors, early families, and the leadership team. Not a formal board meeting — a working session and dinner for the people who built this in the first year.

The numbers

What the business looks like at early scale.

These are realistic ranges, not projections. We've deliberately avoided hockey-stick language. If you want a financial model with scenario analysis, request it — we'll send it.

LMN revenue (Year 1 target)

$520K–$1M+

Josh reviews 10–20 letters/hr at $150–$300 each, 5 hrs/week

Founding family ARR (200 families)

$141,600

200 families × $59/mo × 12. Recurring, not one-time.

Companion care revenue (10 families)

$48K–$144K

$400–$1,200/mo per family, Phase 1 Boulder cohort

BCH partnership value

Referral + data

Boulder Community Health is <1 mile from first family. Discharge-to-home referral pipeline in negotiation.

CMS ACCESS upside

Federal alignment

CMS ACCESS program creates shared-savings pathways for home-based care cooperatives. We are structuring for this from Day 1.

Founding investor pool

$200,000

20 investors × $10K = $200K for Class B license, caregiver hiring, and CareOS build-out

The $200K from founding investors does not make us a well-funded startup. It makes us a real company with a real license, real caregivers, and a real track record before we approach institutional capital or a BCH partnership agreement. That sequencing is intentional.

Honest risk assessment

What could go wrong. Our thinking on each.

Investors who respect honesty more than pitch polish are the ones we want. Here is a direct account of the risks we've identified and how we're thinking about them.

Known risks — as of April 2026

HSA/FSA eligibility via LMN is a legal gray area. We are pursuing a formal healthcare attorney opinion before scaling LMN revenue. Truemed has raised $34M on the same thesis, which validates the market — but the legal framework is still developing. We will not market LMN savings as guaranteed until we have a written opinion in hand.
Single physician dependency. Josh Emdur, DO is our 50-state licensed co-founder and the current LMN review authority. If Josh is unavailable for an extended period, LMN revenue slows. We are documenting contingency physician relationships but have not contracted them yet.
Cooperative governance adds overhead. A Limited Cooperative Association has democratic governance requirements that slow certain decisions. This is a structural feature of the model, not a bug — but it is real overhead, especially in the first year before governance processes mature.
Service margins are thin. At $25–28/hr caregiver wages plus W-2 overhead, gross margin on companion care is approximately $3/hr. The business model requires LMN revenue, data licensing, and CMS shared savings to generate real returns — companion care alone does not.
BCH partnership is in early conversation, not under contract. Our go-to-market references Boulder Community Health. We have warm relationships and a credible referral value proposition, but no signed agreement. We are operating with LMN revenue as the independent track precisely because we cannot depend on BCH timing.
Founder bandwidth. Blaine is running co-op.care alongside other ventures. Josh is a practicing hospitalist. Both are part-time until the business generates enough revenue to justify full-time focus. We have prioritized the LMN track because it generates revenue before requiring an operations hire.

Timeline

What happens when, and when we need founding investors to close.

✓ Complete CareOS platform built (50+ files, 9,000+ lines) Sage AI, Living Profile, Autonomous LMN Generation System, AmbientScribe, Video Home Assessment, ComfortCard — all deployed at careos-claude-code.vercel.app.
✓ Complete — March 2026 Co-founder agreement drafted with Josh Emdur, DO Josh is a BCH hospitalist since 2008, licensed in all 50 states. Agreement drafted. Formalization pending entity setup with counsel.
1 Now — Q2 2026 Healthcare attorney opinion on HSA/FSA LMN eligibility Critical legal gate before scaling LMN revenue. Founding investor capital funds this engagement directly.
2 Q2 2026 First LMN revenue — nationally Sage AI generates draft LMN, Josh reviews and signs, letter delivered. No caregivers, no license, no local operations required. Revenue starts here.
3 Q3 2026 Colorado Class B home care license application Filed with Josh as Medical Director. Founding investor capital funds licensing fees and compliance setup.
4 Q3–Q4 2026 Recruit 3 founding caregivers — Boulder cohort W-2 employees with equity stake. First 10 families served. Companion care operations begin. BCH referral partnership formalized.
5 2027 Institutional raise or CMS ACCESS application 12 months of operational data, LMN revenue track record, and health system relationship as the foundation for Series A or federal program participation. Founding investors have first right of refusal.

Express Interest

Ready to talk. No commitment required to start the conversation.

Submitting your interest is not a commitment to invest. Blaine will reach out personally to complete accredited investor verification and walk through the full financial model before any funds are accepted.

Tell us a little about yourself

We'll reply within 48 hours with next steps and the full investor data room.

Name

Why co-op.care interests you (optional)

Accredited investor?

Interest received

Blaine will be in touch within 48 hours.

You'll receive an email from blaine@co-op.care with a link to the full investor data room, financial model, and a calendar link to schedule a call. We'll complete accredited investor verification before discussing any investment terms.

or reach out directly

blaine@co-op.care →

Blaine Warkentine, MD — Founder Josh Emdur, DO — Co-founder & Chief Medical Officer (licensed in all 50 states)
co-op.care Technologies LLC — Boulder, Colorado — April 2026

Legal notice: This is not a registered securities offering. co-op.care LCA equity interests may only be offered to accredited investors under Regulation D exemptions (17 C.F.R. §230.506). Submitting your interest through this page does not constitute an offer to sell or a solicitation of an offer to buy any security, and does not create any obligation on either party. No money or consideration is being solicited or accepted at this stage. Blaine Warkentine will contact you personally to complete accredited investor verification in accordance with SEC Rule 506(b) before any investment documents are shared or funds are accepted. co-op.care Technologies LLC has not registered this offering with the Securities and Exchange Commission or any state securities regulatory authority. Investing in early-stage companies involves substantial risk, including the risk of total loss of investment. Past experience of the founders is not a guarantee of future results.