Re:Mondragon as the New City-State
by orthecreedence on Tuesday September 03, 2024 @06:03PM
(#41439773)
A possible model is to divide your shares into ownership/control class shares (reserved only for workers) and profit shares which can be bought/sold by third parties. This gives workers ultimate control over the venture while allowing third-party investment. I don't know if this has been implemented anywhere, but it's a possibility. It's not going to fuel explosive growth like VC funds do, but TBH I'm finding as I get more experienced that those types of ventures generally end up being trash dumpsters once the honeymoon phase is over.
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If you invest you want some control. The law is very clear (lots of preceding cases) on your power as an investor in case of equity investments. In case of w-coop investment constructions as you mention the law is very unclear. Hence usually they start with basic loans (sometimes that the initial workers bare some responsibility for) or gifts.
I agree with many VC-backed startups develop toxic behavior.
Re:Mondragon as the New City-State
by waldothedog on Tuesday September 03, 2024 @09:47PM
(#41441093)
This is possible. I work at a worker owned cooperative with roughly this model.