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Subvert – Collectively owned music marketplace

(subvert.fm)
226 points cloudfudge | 1 comments | 18 Oct 24 16:17 UTC | HN request time: 0.244s | source
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mmooss ◴[18 Oct 24 17:57 UTC] No.41881857[source]▶
It's a great start. Co-ops and non-profits can also be subverted and taken over. I hope you look ahead and plan very carefully.

For example, according to an (unverified) story someone told me, a vendor to US east coast food cooperatives now controls many of them; they get their person in, pass bylaws empowering them and disempowering the board (the board usually lacking sophistication), and have deeper pockets for any legal struggle than any co-op member does.

Also, I remember in the news that a non-profit or limited-profit company in the IT industry, founded for the public good, is going to be turned into a for-profit. The board actually fired the person behind this plan, but that person came back and fired the board members.

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1. javajosh ◴[19 Oct 24 13:22 UTC] No.41887617[source]▶
>they get their person in, pass bylaws empowering them and dis-empowering the board (the board usually lacking sophistication), and have deeper pockets for any legal struggle than any co-op member does.

Sounds like an opportunity for a binding arbitration clause, and hiring another co-op that performs binding arbitration.