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by nine_k 1391 days ago
Two hypotheses.

- Many companies are tiny, created to pursue a small idea as a side project, and to optimize taxes while doing so. Certainly most of such companies close quickly and likely painlessly.

- Companies more often go for high-risk, high-reward projects that a co-op won't touch. This self-selects co-ops into the niches of stable, long-term, lower-risk business.