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>That said, because it's worker owned co-op vs an investor owned business there is potential to actually build "a customer centric company" ;) This is bc unlike
by jasode 6y ago
>That said, because it's worker owned co-op vs an investor owned business there is potential to actually build "a customer centric company" ;) This is bc unlike Amazon we aren't under same economic pressures as a typical VC or investor owned company.
You're right. Your proposed worker-owned co-op still has economic pressure; it's just a different type of pressure: It is financially constrained by workers' savings to contribute capital.
I made a previous comment about this: https://news.ycombinator.com/item?id=11166080 https://news.ycombinator.com/item?id=11166080
But that limitation is ok if everyone involved understands how it puts a different financial risk on creating a viable business.
So potential worker/members would need to know what a realistic capital contribution would be. $5000? $10000? And probably some "sweat equity" too. E.g. a programmer that could earn $200k salary from a business maybe needs to work for free to help build the co-cop from nothing.
Therefore, a scenario is the programmers paying $5k into the business and with $0 income for several months to code the website, etc. That would be economic pressure for many people.
Am I way off? What are your ideas to present a palatable (while also realistic) financial scenario to attract co-op members?
- Mauricebranagh 6y agoYour right about capital being an issue but worker coop members don't work for free, or at least when I worked for Poptel I did not.. You can raise capital via other means and even take investment just have to stay below 50% +1 Not all worker coops have an ante like Mondragon does