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Teamshares facilitates employee ownership of small businesses, specifically targeting those whose owners are retiring. The company buys these businesses and gradually transfers ownership to employees, starting with 10% of the stock and increasing to 80% over 20 years. This model helps ensure business continuity and prevents job losses that can occur when a business is sold or closed. Teamshares generates revenue from the profits of the businesses they acquire and manage, and they also offer proprietary software, education, and financial products. Their goal is to redistribute $10 billion of stock wealth to hardworking Americans, supporting both the financial stability of employees and the local economy by preserving valuable businesses. Teamshares stands out by recruiting mission-driven leaders for the acquired businesses and providing them with extensive training.
Company Stage
Debt Financing
Employees
51-200
Industries
Fintech, Social Impact
Total Funding
$214.3M
Headquarters
New York City, New York
Founded
2019
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Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Company Match
401(k) Retirement Plan
Profit Sharing
Paid Parental Leave
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