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It's interesting to note that if the union drive had been successful it would have likely meant the death of the company since they'd be unable to pivot.
by readams 6y ago
It's interesting to note that if the union drive had been successful it would have likely meant the death of the company since they'd be unable to pivot.
- tonystubblebine 6y agoI don't think this is true. I read the feedback from investors of "We won't invest if there is a union" as posturing to get a better deal. But that's still something that would impact employees because it would lead to more dilution. That's why I think a union is only going to succeed in pre-IPO startups if they are specialized in the dynamics of these types of companies. Medium is on the path to IPO (maybe surprising to some people), so having a union form in a way that dilutes your equity is counter to the goal of the union benefiting the employees.