The Problem of Twelve: In the near future, roughly 12 individuals will have practical power over majority of US public companies.
A Short History of Corporations In the first stage, entrepreneurs get money from savings, “friends, family, and fools”, and VCs. Securities law restricts this to sophisticated investors only.
On generating revenue and stability, the entrepreneur takes the firm public (IPO) under oversight from the SEC. Ownership is separated from control, e....