@DelilahTech

(Don't sell. #ExitToCommunity instead!)

#E2C

The more a nation's economy takes the form of cooperatives, the lower the wealth inequality in that nation.

Graphs taken from:
https://ir.library.illinoisstate.edu/cgi/viewcontent.cgi?params=/context/scced/article/1017/&path_info=Worker_Cooperatives_as_an_Innovative_Strategy_to_Address_Income_Inequality.pdf

@fightfascism

#cooperatives
#ExitToCommunity
#E2C

@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 $$.

#ExitToCommunity
#e2c

Today I found and published my work done in past months, this one was revamp tentative to #E2C Logo
Find more on my public @telegram channel
---
https://t.me/foji_creatives/109

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

USN E-2D on final for Pt. Mugu, August 2023 #USN #E2 #E2C #VAW116 #CVW2 #AWACS #Radar #usnavalaviation #mugu #nasmugu #aviationphotography #aviation #AvGeek #Hawkeye #aircraft #usnavy #Nikon #aircraft

USN E-2C of VAW-116 "Sun Kings" (CVW-2 USS George Washington) on final for Pt. Mugu, July 2023 #USN #E2 #E2C #SunKings #VAW116 #CVW2 #AWACS #Radar #usnavalaviation #mugu #nasmugu #aviationphotography #aviation #AvGeek #Hawkeye #aircraft #usnavy #Nikon #aircraft

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.

#startup
#ExitToCommunity
#e2c
#ExplainableAI
#MachineLearning

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

https://e2c.how/library

@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.

#ExitToCommunity
#E2C

@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.

@tezoatlipoca @kakurady @soatok @shlee

#ExitToCommunity #E2C

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.

@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.

It turns out I'm not the first to have come up with the idea. It's called #ExitToCommunity.

(Thanks, @clacke and @Marc.)

#e2c

@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!

#e2c

@atomicpoet

/cc @Marc

@Brendanjones I don't think it's a #coop yet, but they're trying to move in that direction. They still need to raise enough money from the community to pay back their unusually patient initial investors, and decide how the new organization will govern itself. #e2c

https://opencollective.com/e2c

@Brendanjones As a matter of fact, we're not a co-op at this point. However, we're currently working toward a similar goal, we name it "Exit to Community" #e2c https://opencollective.com/e2c

@dajb @mpjgregoire

Definitely.

We also need to develop mechanisms by which founders of co-ops can be better rewarded if they take disproportionate risk/effort in the early stage.

It is one reason why I'm so optimistic about #exit2community movement. The founder starts off as a conventional company and then sells it to the workers/customers/etc. for a compensation they both agree on.

Ideally they would start off with a coop right away, but #E2C can be a more appealing approach for many.

@Matt_Noyes yes, I think it's a great roadmap for companies that truely work for their community. #E2C