Actually -
co-ops work wonderfully. Largest grocery chain in Finland (S-chain). Everywhere Scandinavia (COOP). UK. Rural America. Israel. Decades of success.
And many if not most software startups deal out shares. Great way to bind the blue collar workers.
It’s the venture capital and just sometimes the grabby founders that cash out…
Actually - co-ops work wonderfully. Largest grocery chain in Finland (S-chain). Everywhere Scandinavia (COOP). UK. Rural America. Israel. Decades of success.
And many if not most software startups deal out shares. Great way to bind the blue collar workers.
It’s the venture capital and just sometimes the grabby founders that cash out…
Good to know. Not the case in my country. Co-op failed miserably for the reasons I exposed. And share based companies are very rare here.