9 Quotes
"One way to begin exploring E2C could be by identifying a subset of startups in venture capital portfolios that lie in “zombie” territory—somewhere between failure and exit-ready. Investor owners would benefit from having a new way of liquidating investments that would otherwise lie dormant. In some cases, the community might be in a position to buy the company with cash on hand—especially if it came back to them in later savings or profits"
— Nathan Schneider
Startups Need a New Option: Exit to Community | Hacker Noon"When a startup company takes early investment, typically the expectation is that everyone is working toward one of two “exit” events: selling the company to a bigger company or selling to retail investors in an initial public offering."
— Nathan Schneider
Startups Need a New Option: Exit to Community | Hacker Noon"In E2C, the company would transition from investor ownership to ownership by the people who rely on it most."
— Nathan Schneider
Startups Need a New Option: Exit to Community | Hacker Noon"Most importantly, the key stakeholders should know the company is worthy of their trust and ongoing investment because they co-own it."
— Nathan Schneider
Startups Need a New Option: Exit to Community | Hacker Noon"For a social-media company, this might mean that users have a meaningful say in how their private data is or isn’t used."
— Nathan Schneider
Startups Need a New Option: Exit to Community | Hacker Noon"These kinds of outcomes could help prevent the massive accountability crises that now beset today’s most successful venture-backed startups."
— Nathan Schneider
Startups Need a New Option: Exit to Community | Hacker Noon"getting going under community ownership doesn’t seem like the right approach in many cases."
— Nathan Schneider
Startups Need a New Option: Exit to Community | Hacker Noon"Ambitious startups are a risky endeavor, and it may not be fair to distribute that risk with early-stage participants."
— Nathan Schneider
Startups Need a New Option: Exit to Community | Hacker Noon"Also, startups usually need to make a few dramatic pivots early in their life, and having a large community of co-owners would make those hard decisions more difficult than if a small, high-trust group of founders is in charge."
— Nathan Schneider
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