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Why Don't Uber Drivers Own Shares? Now They Could
As early as 2017, executives at the ride-sharing platform Uber reportedly met with US Securities and Exchange Commission officials about granting company stock to their independent-contractor drivers.
By February 2019, the Wall Street Journal reported that, with their initial public offerings approaching, Uber and its competitor Lyft found a way to ... See more
By February 2019, the Wall Street Journal reported that, with their initial public offerings approaching, Uber and its competitor Lyft found a way to ... See more
Nathan Schneider • User Trusts: Broad-Based Ownership for Online Platforms
Ownership, via employee stock option plans, has been a powerful tool for incentivizing talented people to dedicate their skills to building startups in Silicon Valley. While this model has been extremely successful, it hasn’t been accessible to all, constrained by geography and legacy financial infrastructure, among other factors. One result is tha... See more
variant.fund • The Ownership Economy: Crypto & the Next Frontier of Consumer Software – Variant
When a startup exits to community, founders should see enough of a reward that they feel their risk and hard work was worth it. Investors should see a fair return for their risk. Most importantly, the key stakeholders should know the company is worthy of their trust and ongoing investment because they co-own it. For a social-media company, this mig... See more
Nathan Schneider • Startups Need a New Option: Exit to Community | HackerNoon
In early 2019, for example, the founder of the Shanghai electric-car company NIO transferred 50 million shares into a “user trust.” While the founder retains voting rights over the shares, the trust enables its members to help decide how to use a portion of the company’s eventual profits. This was not an act of charity; in the disclosure documents,... See more
Nathan Schneider • Exit To Community | NOEMA
own a piece of the business and share in the value capture as wel
Angela Tran Kingyens • Guide to Marketplaces-Third Edition.pdf
The four million people who drive for Uber probably own less of the company combined than a single dentist in New Jersey with Vanguard in their portfolio.
Yancey Strickler • The Ownership Crisis
This hardening will reveal the root problem. Despite many people contributing to the tools and services that now dominate our lives, most people have no stake in them. To cite just one example, the four million people who drive for Uber probably own less of the company combined than a single dentist in New Jersey with Vanguard in their portfolio.