Exit to Community

By Matt Perez

I just read an “exit” proposal in the sfba.social Mastodon server that could be a step towards co-ownership.

 

I just read an “exit” proposal in the sfba.social Mastodon server that could be a step towards co-ownership.

The proposal reads—what if a business 'going public' meant being converted into a cooperative. The #founder gets their cash payout for building something of value to the community by actually *selling* it to the community? Power to the people.

The brilliant part is positioning it as an “exit”

This could become a transitional situation towards co-owned, Radical companies.

  • The shares of the “owner” and the shares sold to the “employees” have the same rights.
  • If the law requires it, there is a Board, but no “Chair.” Think of it as a recurring Leadership Team that meets the requirements of a Board of Directors.
  • Every seat on the Board is turned over to a new person on a regular basis.
  • All rules governing the Board, are determined by people outside the Board.
  • There is no voting. Decisions are made by consent, not consensus.
  • If it ever comes to pass, the person with the most RADs is the tie breaker.
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