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by hankish 1208 days ago
The coop that I'm a part of (Quorum1) has been using game theory to play out just those scenarios. We've been at it for two years and you're right it's been like 10x as difficult as starting a normal company (I'm a serial entrepreneur and have started lots of traditional companies too). But we think the payoff is worth it, plus doing things differently is just straight up more fun, so there's that.

What we're finding is that if you start with the right culture and balance the incentives very carefully you can basically create a magnet-like mechanism where the more people join the network/coop, the greater the value derived for all members and the greater the opportunity cost for the remaining hold outs to not join.

2 comments

-> What we're finding is that if you start with the right culture and balance the incentives very carefully you can basically create a magnet-like mechanism where the more people join the network/coop, the greater the value derived for all members and the greater the opportunity cost for the remaining hold outs to not join.

Well, now you owe us a blog post

Lol, yes you're right I do. Don't have it yet though. :)
I am very interested in what you have built. I've recently stepped down as a director of engineering at a fintech startup where I was building self-organizing teams based off the models I found in the book Reinventing Organizations. I have been considering starting a coop much like Quorum1, but I haven't been sure where to start. I'd love to chat sometime about Quorum1 and perhaps get the chance to work together in the future. My email is email at steve shogren dotcom if you are interested. Thanks!
Awesome, I'm definitely down to talk. Sending you an email now. Also my LinkedIn is: https://www.linkedin.com/in/hankholiday