> If you're doing work for financial compensation such as wages or equity then legally you're either an employee or a contractor.
Fair point. Apparently AirBnb petitioned the SEC to allow it to give equity to its hosts while still being a private company because that is currently illegal.
> However this structure makes it more difficult to attract capital from outside investors.
Another fair point. Outside investors seem to like to have 1 share = 1 vote, rather than 1 person = 1 vote, because then those with the most financial shares owned (typically investors) can have more decision-making power.
Fair point. Apparently AirBnb petitioned the SEC to allow it to give equity to its hosts while still being a private company because that is currently illegal.
> However this structure makes it more difficult to attract capital from outside investors.
Another fair point. Outside investors seem to like to have 1 share = 1 vote, rather than 1 person = 1 vote, because then those with the most financial shares owned (typically investors) can have more decision-making power.
[0]: https://sites.law.berkeley.edu/sustainability-compliance/the...