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He is probably thinking about venture capital backed firms or high risk ventures like movies or games, there it you can't have it be worker owned and workers ge
by Jensson 3y ago
He is probably thinking about venture capital backed firms or high risk ventures like movies or games, there it you can't have it be worker owned and workers getting paid since there is no revenue until later, worker pay comes from the owners pocket.
In a business with stable income it makes perfect sense though, like doctors or consulting firms.
- runako 3y ago> like doctors or consulting firms Big difference between ownership of (private) medical, consulting, law firms is that the owners are usually required to purchase their stakes. The average employee at a firm may not have the desire or wherewithal to purchase a stake in their company. Notably, folks who buy in to consulting and/or law firms commonly take out loans to buy their (incredibly illiquid) stakes. This is not a model for the typical employee.
- clbrmbr 3y agoI’ve wondered how that works. Quite a risk to take out such a loan! I’ve never had that level of confidence in my employer.
- clbrmbr 3y agoYou have me there. Worked most my life in angel-backed startups or government-funded research, so it’s hard to conceive of a going concern! Everything in tech feels boom-or-bust.