Re:A case study in early-stage startup execution
by beaconstudios on Saturday March 26, 2022 @07:52AM
(#30811068)
I do wish that there were was a way to increase the number of startups that were organised as worker cooperatives so that they could be run democratically by the workers themselves - unfortunately, equity investment precludes this possibility.
[ Parent
| on HN ]
Re:A case study in early-stage startup execution
by Gaessaki on Saturday March 26, 2022 @08:06AM
(#30811137)
Our startup is a multistakeholder cooperative with workers representing 1/3rd of the governance. We’ve also received equity funding. Albeit challenging, raising funds through equity doesn’t necessarily preclude a cooperative structure.
Re:A case study in early-stage startup execution
by beaconstudios on Saturday March 26, 2022 @08:12AM
(#30811178)
True, you can take equity investment if you're a multi-stakeholder coop and that's still a huge improvement over a traditional corporation in terms of worker ownership. Respect for that!