[marcell]

> Why does no one run a completely employee owned tech company?

I thought about setting up Fetchfox this way, and in some ways we are an employee run company. Everyone including me gets the same crypto token as our stake in the company's success. I get a higher stake as the founder/ceo, but some offers give the employee 0.5 for every 1 of my allocations, which I think is pretty fair.

Long term, it would be nice if I had <50% stake in the project, and it self-managed somehow, similar to crypto projects like Ethereum.

That said, the phrase "employee owned" has some bad connotations. It has an implication that you are not trying very hard to grow, or that you are somehow less committed to company, or that you are some sort of co-op. For these reasons I don't like use that phrase.

[righthand]

Interesting setup for Fetchfox.

I’m not sure avoiding specific phrases because the general populace has stigmas is helpful however. I don’t view employee-owned or coops in those ways at all. For example, your growth rate should be attributed to the quality of the product. The product quality should be attributed to people’s interest in their work. Good compensation/benefits such as ownership should be the incentive of a quality product.

[nomercy400]

Why do you need crypto for that? Why not just 'a share of the company'?

[marcell]

It's similar but slightly different:

1) It's not a security, so it's not a share of the company. In order to be compliant with US law, we can only offer a utlity token 2) Crypto is a 10x better underlying data structure and architecture for the financial system: https://ortutay.substack.com/p/the-computer-science-case-for...