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When did the stealing happen? There was mutual agreed exchange between parties over and over again.

by Veelox 2y ago

AndrewKemendo 2y ago
Capitalists call it “dilution” Go find a startup right now that is on the Series A-F pathway Each new investment incurs ownership dilution. Based on what? Did the employees vote for this? Never PE broadly and dictatorially controls the flow of capital as a class - they also mostly collude for deals - so early employees have zero say about these dilution actions If the only solution is to not play (eg “well then go somewhere else/start your own”) then the structure is fundamentally flawed and needs to go away
- halfcat 2y ago
  > the structure is fundamentally flawed and needs to go away What’s a structure that improves upon this flawed structure?
  - AndrewKemendo 2y ago
    Here's two: https://en.wikipedia.org/wiki/Public-benefit_nonprofit_corporation https://en.wikipedia.org/wiki/Public-benefit_nonprofit_corpo... https://en.wikipedia.org/wiki/Mutual-benefit_nonprofit_corporation https://en.wikipedia.org/wiki/Mutual-benefit_nonprofit_corpo...
- Veelox 2y ago
  Dilution happens when the majority of share holders agree to a issue more equity. Again, this is a fully agreed to and is part of the standard rights of share holders. Early employee are given documents that explain this and sign. Can you explain this is illegal taking of property?
  - AndrewKemendo 2y ago
    In a venture backed startup, the majority of shareholders aren’t employees Also even if they are at Seed, they increasingly won’t be So unless the founding team is a bunch of syndicalists - which almost be definition they aren’t - they won’t ever structure the organization to reduce their own power on behalf of future workers Thats by design and origination with the modern firm. Capital will not fund companies that don’t prioritize returns on capital You see how the entire structure is built to prevent even challenging the structure Companies founded as dictatorships are the only option people think is available and yet it’s not. However there is no money for expanding this message because it does not benefit the people with money to invest in reducing their own power

When did the stealing happen? There was mutual agreed exchange between parties over and over again.

by Veelox 2y ago

When did the stealing happen? There was mutual agreed exchange between parties over and over again.

Capitalists call it “dilution” Go find a startup right now that is on the Series A-F pathway Each new investment incurs ownership dilution. Based on what? Did the employees vote for this? Never PE broadly and dictatorially controls the flow of capital as a class - they also mostly collude for deals - so early employees have zero say about these dilution actions If the only solution is to not play (eg “well then go somewhere else/start your own”) then the structure is fundamentally flawed and needs to go away

halfcat 2y ago
> the structure is fundamentally flawed and needs to go away What’s a structure that improves upon this flawed structure?
- AndrewKemendo 2y ago
  Here's two: https://en.wikipedia.org/wiki/Public-benefit_nonprofit_corporation https://en.wikipedia.org/wiki/Public-benefit_nonprofit_corpo... https://en.wikipedia.org/wiki/Mutual-benefit_nonprofit_corporation https://en.wikipedia.org/wiki/Mutual-benefit_nonprofit_corpo...
Veelox 2y ago
Dilution happens when the majority of share holders agree to a issue more equity. Again, this is a fully agreed to and is part of the standard rights of share holders. Early employee are given documents that explain this and sign. Can you explain this is illegal taking of property?
- AndrewKemendo 2y ago
  In a venture backed startup, the majority of shareholders aren’t employees Also even if they are at Seed, they increasingly won’t be So unless the founding team is a bunch of syndicalists - which almost be definition they aren’t - they won’t ever structure the organization to reduce their own power on behalf of future workers Thats by design and origination with the modern firm. Capital will not fund companies that don’t prioritize returns on capital You see how the entire structure is built to prevent even challenging the structure Companies founded as dictatorships are the only option people think is available and yet it’s not. However there is no money for expanding this message because it does not benefit the people with money to invest in reducing their own power