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A highly successful worker coop leads to a bunch of people with comfortable lives and steady jobs. A highly successful privately owned company leads to a handf
by jtolmar 4y ago
A highly successful worker coop leads to a bunch of people with comfortable lives and steady jobs.
A highly successful privately owned company leads to a handful of people with a ton of money and free time, which they can use to found other privately owned companies.
- 8f2ab37a-ed6c 4y agoAt least with startups, are most founded by affluent people with free capital and time, or by those who sign a deal with VC? Afaik YC founders aren't thousands of bored millionaires, they're average middle class people with a college degree who quit their jobs to live on their seed investment for a few years, and share the spoils in the end with their employees and investors if the project succeeds. Can you get away without initial starting capital if your startup has a very low chance of success? You need someone to be willing to eat the 99% risk of failure in exchange for proportionally high returns. I imagine the same problem is much ameliorated if you were opening a pizza shop, a daycare, or a hair salon, where the business is more predictable?