[mhugo]

It seems to me this example has nothing to do with the parent's comment. He is talking about co-ops. Companies that are owned by workers. It implies the company cannot be sold without a majority of workers to agree.

But you're right the funding scheme would be more challenging. But if the service sold is of very good quality, it may work. And the "not for private investors" model may also be something good to promote for (some) consumers.

[joeblau]

Juno was owned by the workers - They had equity in the company based on when they started.

> But the icing on the cake is Juno's equity offering: 1 billion of the company's founding shares reserved just for the drivers. [1]

It was all stripped away when the company was sold off to Gett because of liquidation preference because now.

> But drivers were soon informed by emails from Juno that the stock plan was void. They could instead receive cash payouts amounting to less than what they could make in a day of driving. [2]

[1] - https://www.theverge.com/2016/3/29/11301076/juno-uber-driver...

[2] - https://www.bloomberg.com/news/articles/2017-04-28/juno-sold...