>I wonder why not just make it an employee-owned cooperative at that point? I understand there are funding considerations, The ~75 employees probably don't hav

>I wonder why not just make it an employee-owned cooperative at that point? I understand there are funding considerations, The ~75 employees probably don't have enough personal money to buy out the previous investors to convert it into a true workers co-op. Reportedly ~$78 million total raised (over 3 rounds) and last round was $44 million: https://www.google.com/search?q=0xide+raised+funding https://www.google.com/search?q=0xide+raised+funding https://www.crunchbase.com/organization/oxide/company_financials https://www.crunchbase.com/organization/oxide/company_financ... The alternative of turning it into a hybrid/partially employee-owned company where the VC investors still own their % shares is still too expensive for employees to "buy" because you're supposed to value the shares at the same present price as the investors' shares. (We're not talking backdating stock options at an artificially lower price here.) I guess one could create loans where company let's employees pay for their ownership over time. The current investors probably won't agree to that.