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I'm not sure how much it applies to tech as an industry, but research shows that coops (or, "labor-managed firms") tend to last much longer and be more producti

• DizzyDoo 5y ago
  Thanks for the link, what an interesting pdf. What I still don't quite understand about coops is how they practically come about? The pdf you linked to says that 84% come into being from scratch. If you need to buy some mechanical equipment and rent a factory, does everyone who joins the coop at the beginning pay into those start-up costs? Or is the investment in the coop usually entirely from the outside like bank loans? Is there ever a distinction between coop members who have invested money into the firm, and those who join later that haven't?
  • ipaddr 5y ago
    I was part of an employee owned company but I had no ownership and was only a contractor. At some point the company couldn't pay the employees and they took partial ownership. The employees were senior ex-sun types who could forgo money for stock. It was a pleasant and the darkest (in terms of no lights on). Conversations were about high level technical and no meetings. Great place to work while it lastest.