Sounds great until a hard decision has to be made.
replyJust because a business is employee owned that does not mean it lacks leadership.
replyNothing is stopping employees from banding together to create these obviously-superior businesses right now and eating the VCs' lunch. Right?
replyThis is incorrect. Concentration of wealth is definitely stopping them.
replyMost people can’t just stop working and start working for no cash.
I might be missing some obvious sarcasm, though!
You can actually stop working and still survive in the socialist EU. Still we don't see any successful employee-owned startups.
replyCEOs are employees...
replyExcept that they usually sit on the board and frequently chair the board.
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