Teamshares is an employee ownership platform for small businesses that acquires companies from retiring owners, then transitions ownership to employees over time using software, education, and financial products. After purchase, Teamshares grants 10% of the business’s stock to employees at closing, with a goal to increase employee ownership to 80% over 20 years. Employees earn this stock through ongoing service—no purchase required—creating a pathway for broad employee ownership and long-term business durability.
How does Teamshares work?
Teamshares identifies small businesses whose owners are looking to retire and purchases these companies outright. Upon acquisition, employees receive an initial 10% of the company’s stock and can earn additional shares annually. Teamshares manages the transition using proprietary technology and educational resources, guiding employees through the shift to ownership. Financial products provided by Teamshares support company growth and stability, with the long-term vision of building a network of sustainable, employee-owned businesses that do not have to be resold.
Who uses Teamshares?
Teamshares primarily serves small businesses across various industries where owners are seeking succession options. Example customers include individuals and businesses like Stephanie L., Shelly and Stan G., Mitch H., Brad's Service Center, and Carpet Plus. These organizations benefit from a stable transition and the opportunity for employees to become stakeholders in the company’s ongoing success.
What makes Teamshares different?
Unlike traditional buyouts or employee stock ownership plans (ESOPs), Teamshares’ model allows employees to earn company stock without requiring them to invest their own money. The company’s software and educational tools simplify the transition to employee ownership, while their financial products help ensure business continuity. The approach is designed to create a network of financially durable companies that remain locally owned and operated, supporting both retiring owners and their communities.
Who leads Teamshares?
Teamshares’ leadership team combines expertise in technology, finance, and operations:
- Michael Brown, Cofounder & CEO
- Kevin Shiiba, Cofounder & CTO
- Alex Eu, Cofounder & President
- Madhuri Kommareddi, Chief Operating Officer
- Brian Gaebe, Chief Financial Officer
Their collective background supports Teamshares’ mission to scale employee ownership in small business. For more information, visit their Careers and About page.
Recent news about Teamshares
In February 2024, Teamshares was featured in an Axios article discussing its $100 million IPO and recent fintech funding, highlighting interest in its innovative approach to small business succession.
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