2 ms·
I wonder if it’s something about co-ops that limit their success, or is it the lack of VC funds to burn during the growth stage? Obviously in this context we s
by ashtonkem 5y ago
I wonder if it’s something about co-ops that limit their success, or is it the lack of VC funds to burn during the growth stage?
Obviously in this context we shouldn’t assume that a co-op would ever get to FB size. Forgoing some profit for the sake of ethics is the reason why the idea was floated here. But I would expect co-ops to make it to say, Redhat levels at least.
Can’t help but think it’s the lack of capital and connections that going for-profit with VC backing would get a company with a more traditional corporate structure.
- denton-scratch 5y agoI have mentioned upthread three BIG cooperative ventures that have lasted foer a long time; they're just the ones that I can think of quickly. I care about coops, so I notice them, so maybe they're rather rare. VC backing would make a coop no longer a coop. That horse is not a runner. All this venture capital business is about getting a return in five years. A coop is about a bunch of people working together for their whole working life; it's a different way of organising work. If the thing works, then the investment is organic (and slow). The coops I mentioned have lasted a long time.