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How does a cooperative raise money without being shareholder owned? Clubhouse has something like 80 employees and raised $110mm. Is every employee expected to
by missedthecue 4y ago
How does a cooperative raise money without being shareholder owned?
Clubhouse has something like 80 employees and raised $110mm. Is every employee expected to bring $1.4 mil to the table when joining? Seems like it would reduce the pool of available candidates.
- apexalpha 4y agoYou give out bonds or certificates to external parties.
- nibbleshifter 4y agoCoops can still take external investment.
- missedthecue 4y agoSo at that point it's literally just a startup? Employees get some equity but most the shares are sold to pay salaries and AWS bills.
- nibbleshifter 4y agoThe legal and regulatory structures tend to be significantly different in ways that matter.