[dflock]

> The idea of creating a company that makes executive decisions by direct democracy is untested and may simply be nonviable.

This isn't true - it been tested and runs successfully at scale:

https://en.wikipedia.org/wiki/Workplace_democracy#Current_ap...

Two examples with Wikipedia entries that were easy to find are mentioned there:

* https://en.wikipedia.org/wiki/Mondragon_Corporation - turns over ~$16B USD and employed ~74,000 people.

* https://en.wikipedia.org/wiki/Ricardo_Semler - Secmo