REI is not worker-owned FYI. It's a consumer-owned co-op. Different beast

VCs are not interested in worker-owned coops. Economic climate works against the concept at scale. Workers are also divided on it and are not organized around enabling it. Employers are highly coordinated on maintaining current employer-worker relations.

edit: here is some related reading you might find interesting:

- Sociocracy - consent-based decision-making organizations (as opposed to dreadful unanimous decision-making which doesn't work and is a common criticism of non-hierarchical organizations) https://www.sociocracyforall.org/sociocracy/ // https://sociocracy30.org

- a UK tech co-op network: https://www.coops.tech but it seems a lot of these are more tech services than product companies

▲

alemanek 3 days ago | parent [-]

Thank you for the links and the correction on REI. I wasn’t aware that consumer co-ops were even a thing. I have some reading to do. Too late to edit my parent post unfortunately.

	▲	ghaff 3 days ago \| parent [-]
		There are a lot of retail consumer co-ops, especially in the grocery area. REI is a relatively large example although it's not huge by retail and certainly tech standards.