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I agree with this. I wonder what prevents there from being more co-ops in diverse industries? Capital requirements? In banking there are credit unions. I wonder
by pbourke 7y ago
I agree with this. I wonder what prevents there from being more co-ops in diverse industries? Capital requirements? In banking there are credit unions. I wonder what the tech equivalent of credit unions look like.
- rapind 7y agoLack of support infrastructure. Traditional startups being so common have a large market of services, grants, financing, lawyers geared towards them. More of an uphill battle for a co-op. I think even licensing can be an issue in some areas. Also, there's a significant tax advantage for shareholders (long-term capital gains) vs. income you receive as a worker. https://github.com/hng/tech-coops https://github.com/hng/tech-coops