I think with proper terms this would be a good launchpad for tested and tried businesses to transition into worker owned cooperatives, which I think would be a noble endeavor.
As it's set up currently it reads more or less like a tribute system, which is pretty trashy - it draws a line in the sand where they're effectively minimizing risk to themselves and slowly foisting responsibility onto others in exchange for a quasipermanent deal. I'm curious as to how the "ownership" works, as well, I'm sure there are caveats written in that secure the stake of Teamshares.
As it's set up currently it reads more or less like a tribute system, which is pretty trashy - it draws a line in the sand where they're effectively minimizing risk to themselves and slowly foisting responsibility onto others in exchange for a quasipermanent deal. I'm curious as to how the "ownership" works, as well, I'm sure there are caveats written in that secure the stake of Teamshares.