Instead of IPOs and acquisitions, exiting to community is one alternative

A decade ago, I was only a couple of years into my venture career. I believed that growth and progress were synonymous – in an industry where scale was the ultimate target, platforms that achieved it were glorified. A decade later, I have learned that success is more nuanced, and we have to take accountability for the outcomes we encourage. New dom... See more

This is not so crazy. The more I look, the more I find activists, lawyers, investors and entrepreneurs around the world who are exploring options along these lines, often while seeking to address some of the deep problems of internet culture. Community ownership could be a way of rooting out the abuses that we often see with the billion-dollar “uni... See more

There’s also a category in the Silicon Valley lexicon called “zombies” — the companies that don’t quite become unicorns but aren’t failures either. They’re a dead weight on the investors’ balance sheets because, for one reason or another, nobody wants to buy them. Even if a company like that is making a profit and pleasing users, it can be worthles... See more