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this post was submitted on 16 Aug 2025
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Thats fucked up, why sell it? Give it back to the workers.
Sell it, keep $100M, distribute $1,500M to the employees who built the company with you.
...sit on the beach with your former employees as just people, discussing who has the cutest little umbrella in their drink and laughing at the stock value of the global conglomerate that bought a business that no longer has employees.
No, just distribute ownership amongst the workers. Keep a majority share if youre worried they arent responsible enough.
I guess it just depends on the scope. Since we were talking about giving way over a billion, I was envisioning the employees being set for life and having no concern for the continued operation of the business.
If we're talking about thousands of people, then I guess either option is pretty sweet. Either you keep your same job but now have equity and control, or you keep your same job under new ownership but see an extra $500,000 cash just drop into your checking account.
I took a look at the article and I got no impression of the employee count, but the dude who sold the company seems like the rare ultra-rich startup CEO business owner who is somehow based as fuck.
It sounds like starting companies is just what he likes doing, and/or is driven to do. I have to admit I'm a little jealous because imagine being a decent person, and first being told you have no rent or bills ever again, and then being given 1,500 Million Dollars to just give to people and causes you care about. That would be off-the-charts fun and rewarding.
(edit to add: the article may have been written in a misleading way such that he gave away less than half the money rather than over 90%, so maybe he's not quite so based. Still way ahead of the pack. Something I have often said is that in order to become a billionaire, you have to be the kind of person who can have $100M and still put in overtime because you aren't satisfied. It sounds like this guy at least works because he wants to and is thinking in the right direction)
Article snippet:
The 48-year-old is now building his third startup, a supply-chain emissions data company called Scope3. Still, he claims you’ll never catch him joining the billionaires club. “I will never be that wealthy. Even if Scope3 is immensely successful, we will give that money away.”
Just seems sick to build a company off the backs of your employees then say, "you know what take the equity and spend it elsewhere who cares about the people who got me here. They have been gifted a job like the good servants they are."