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Maybe. 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 i
by virmundi 9y ago
Maybe. 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]