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At that point the pool is mirroring a large corp. while it's still in the small so to speak, it has the same ends and reaction to the same stimulus
by virmundi 9y ago
At that point the pool is mirroring a large corp. while it's still in the small so to speak, it has the same ends and reaction to the same stimulus
- lisper 9y agoWith the major difference that the ultimate decision-making power would be more widely distributed.
- virmundi 9y agoMaybe. Depends if they set themselves up as a co-op. They could instead essentially start as a highly focused VC. At that point the control will probably rest in the hands of the board and management.
- lisper 9y agoBut the investors have the power to replace the board. This is called "representative democracy" and it's widely considered, despite its flaws, a better way to govern human affairs than dictatorship or oligarchy.
- deleted 9y ago[deleted]
- maehwasu 9y agoThat's not necessarily a good feature.