Most businesses today say they exist for a purpose, one that goes beyond shareholder value. But how do you make sure that happens when push comes to shove? Can you make your mission unbreakable: one that’s able to survive investment, growth, an exit or life beyond the founders? In this episode, co-founder Emma Shaw and I talk about why ownership structure isn’t a legal detail, but a design decision about who your business is really for. We share how Library of Things went from a nonprofit to steward-owned and mission-locked, what it meant for raising funds, and what we’d tell any founder who wants to build something that stays true to itself, whatever the weather.<hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

Business (Un)usual

Sophia Wyatt

Who is business really for?

MAY 20, 202658 MIN
Business (Un)usual

Who is business really for?

MAY 20, 202658 MIN

Description

Most businesses today say they exist for a purpose, one that goes beyond shareholder value. But how do you make sure that happens when push comes to shove? Can you make your mission unbreakable: one that’s able to survive investment, growth, an exit or life beyond the founders? In this episode, co-founder Emma Shaw and I talk about why ownership structure isn’t a legal detail, but a design decision about who your business is really for. We share how Library of Things went from a nonprofit to steward-owned and mission-locked, what it meant for raising funds, and what we’d tell any founder who wants to build something that stays true to itself, whatever the weather.<hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>