| That's awesome to learn about worker co-ops. I was thinking about starting a software development or SAAS company where every person is a worker/owner, so it's good to know they already exist. Here's what I'd love to do if I ever started my own company: I start the company with 1 or 2 other software developers and designers. We would each own an equal number of shares. Any new team members would have to go through a relatively intense interview process, but when they joined, they would receive an equal number of shares, which means that our shares would be evenly diluted. And the next time we bring someone new on board, the decision would need to be unanimous. Since we'd be giving away such a huge number of shares, they would vest over something like 7 years. But we would be giving them actual shares, instead of stock options that you have to exercise with your own cash. Also, keep in mind that that person would probably own more of the company after their first year, than most early employees own after 3. So yes, if we bring on someone new and our company was doing really well, we might be giving away millions of dollars in stock, and paying them massive bonuses in their first month. But why not? If we could pull it off, I think that would be an incredible way to structure a company. And we'd start all of this without outside investment. Mailchimp and GitHub are two awesome examples of bootstrapped startups. But if it ever made sense for us to raise $100 million, then we'd go ahead and do that, knowing that every single person's shares would be diluted equally. As soon as we start making enough money, we'd be able to pay everyone an equal base salary. We'd all agree on a budget for equipment, office space, hosting, altruism, and cash reserves, but the rest of the profits would be paid out as monthly bonuses. We'd also dedicate a very large portion of our time and assets to altruistic causes from the very beginning. Eventually, our company would become a non-profit of sorts, where each of us re-invest our millions, and work on fixing everything that's wrong in the world. I think that finding like-minded people will be pretty damn hard, but even if it's just ten of us, I think this would be an amazing way to build a company. I don't think this would be able to scale past 50 or 100, but who knows. Anyway, thanks for listening to my rant :) |