The more a nation's economy takes the form of cooperatives, the lower the wealth inequality in that nation.
#e2c
0 posts0 participants0 posts today
Replied in thread
@sebinthestars IDK if it's suitable or not in this case, but please give some consideration to an "exit to community" -- conversion to a cooperative, with a transition to someone else managing it, possibly with a payout to you for your prior service if the community has the $$.
Possible Bird Strike? USN E-2C flies into a flock of seagulls while working the pattern at Pt. Mugu. Note the blowup it appears part of the wing starting to wrap around the prop #USN #mugu #ptmugu #e2c #avgeek #propeller #AWACS #aviation #nikon #photography #birdstrike #aviation #seagulls #flockofseagulls
I actually had someone reach out to me today about starting a company around some of my previous work on "explainable AI" -- machine learning that results in human-interpretable results, as opposed to the inscrutable tables of numbers that make up neural networks. This is pretty exciting stuff to me, because I've wanted to start a business along these lines for a long time. I also got to introduce someone to the concept of "exit to community", so +1 for social activism, too. And the timing couldn't be better, given the layoff I was just caught by.
This database of community-owned software/service initiatives (spanning from Defector to a solar coop) is thought-provoking in a good way.
Given post-GReader/Evernote/etc. declining elite trust in VC-backed startups, I wonder if there's a funding-time playbook for (p)re-building trust through planned "in case of failure, break glass". #ExitToCommunity #e2c @daspitzberg
E2CExit to Community Stories & Strategies | Exit to CommunityA library of community ownership
Replied in thread
@Dogzilla @Benfell @weaselx86 @vikxin @Radical_EgoCom @duckwhistle One thing I've heard of is "exit to community". Startups are private but then to "go public" they are sold to the community as cooperatives. VCs can still invest, but the end goal is a company that the community wants to own, not one that extracts resources from it. It shifts the the incentives away from a focus purely on profitability even when the company is still private.
@JessTheUnstill #ExitToCommunity #e2c
If you want to build an organization that benefits the community, your long-term exit plan should be to hand it off *to* the community. Convert it to a #cooperative when you are ready to move on.
The people who are most likely to have the community's best interests at heart will always be the members of that community.
Replied in thread
@tezoatlipoca @kakurady @soatok @shlee
If instead of IPOs, companies were converted into coops for the final cash out, we wouldn't have this problem. Company value would be measured in terms of service and benefit to the community, instead of revenue growth, because that's what would drive share prices. The root of the problem is that shareholders and investors are 3rd parties outside the community, being neither workers nor customers. This is where the perverse incentive to maximize profit (resource extraction) instead of maximizing utility to the community comes from.
Replied in thread
@ryanhoulihan @bouriquet @fcktheworld587 Incidentally, I learned recently that a company going public by converting to a #coop is not a new idea. It's called #ExitToCommunity, or #e2c for short.
Continued thread
It turns out I'm not the first to have come up with the idea. It's called #ExitToCommunity.
Replied to Aaron
@hosford42 What you are describing can be referred to as #ExitToCommunity ! Perhaps you are already aware of it, perhaps others aren't. It's a cool concept!
/cc @Marc