3 ms·
> Anyone know some of the pitfalls of an employee-owned company like that, and proven ways to avoid them? I guess I can't think of any. Mostly seems to have a
by UncleOxidant 3y ago
> Anyone know some of the pitfalls of an employee-owned company like that, and proven ways to avoid them?
I guess I can't think of any. Mostly seems to have a lot of upside. I interviewed recently at an employee owned tech company - a very rare bird indeed. It sounded like they did a lot of decision making collaboratively. While the position itself wasn't that interesting, the company structure and culture seemed quite attractive.
- anthonypasq 3y agodictatorships are inherently faster moving and more decisive than democracies.
- UncleOxidant 3y agoI would much prefer to live in a democracy even given that potential "downside".
- anthonypasq 3y agocool, no one suggested otherwise
- klyrs 3y ago"Break shit fast" isn't universally accepted as a beneficial mindset for an organization as large as a country, despite having worked well for a scrappy startup that one time. One idiot can quickly and decisively wreck your entire economy with the stroke of a pen. A more intelligent dictator may simply bend the economy to his personal profits.
- anthonypasq 3y agoIdk dont know what it is about hackernews commenters that just feel compelled to post complete nonsequiters. none of this relates to my comment in any way.
- mgfist 3y agoWhat happens if you want to leave? Are you forced to liquidate your stock, and to whom? What happens if there is an underperforming worker? What happens with their ownership What if you want to divest? Not sure on any of the above, if anyone knows would love to hear the answers
- ensignavenger 3y agoThe short answer is it depends on the company. Different companies have different governance models. Some allow former employees to retain interest, but then they can only sell to current employees, for example.