It’s commendable to want to start a “cooperative socialist paradise”, you can pitch it and see if there’s interest with others. But it’s totally OK as well for others to not want to join that, and go the more conventional way.
It sounds like Nate is set on starting a conventional company, and that should be fine. The previous company apparently never made financial sense so it also doesn’t work to just continue that model directly and so things and people get cut. It can be both hard to communicate and to hear, doubly so when you’re emotionally invested. That’s why IMO it’s important to separate your self worth from your job at some level, for your own mental wellbeing.
But that organization operates on a one person, one vote model, not a one dollar, one vote model. He seems to want one person to put in a disproportionate amount of investment capital and end up with a disproportionate amount of voting authority. That’s not the kind of “cooperative socialist” model which Jonathan was advocating, it’s a standard capitalist one.
And I’m not saying that he has no right in the way the world works now to operate as a capitalist. He does. But he shouldn’t be surprised if someone who wants a cooperative model doesn’t view that as even aspirationally qualifying and isn’t satisfied by vague comments about how workers can gradually buy their way toward an approximation of equal power.
[0] https://pointieststick.com/2025/03/10/personal-and-professio...