Teamshares Presidents Program

Teamshares Inc. is an employee ownership platform for small business, driven by proprietary software, education, and financial products. Its mission is to create $10 billion of new wealth for employees through stock ownership. The company buys traditional small businesses from retiring owners to make them 80% employee-owned within 20 years, and provides the companies with new leadership, financial education, equity management software, and financial products. Teamshares is the market leader for small business employee ownership, with 84 companies acquired to date. 

The result is a network of financially durable companies that never have to be sold again—to the benefit of retiring owners, employee owners, companies, and local economies alike. 

Founded in 2019, the company has 140 employees across the U.S. and Canada.

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Teamshares

By 2030, the entire Baby Boomer generation—one of the largest generational cohorts in the country’s history—will be at or beyond retirement age. We believe the succession crisis can be solved when small businesses become employee-owned.

This Sunday we were honored to be on the front page of Boston Globe Media. Thank you Thomas Lee for spotlighting Teamshares' mission. Our focus is firmly on achieving small business employee ownership and we are actively bringing this vision to life with our featured network companies Mass Commercial Cleaning, Yankee Mattress Factory, Inc. and Brads Service Center.

“I thought Yankee Mattress would sell and then it would be gone,” he said. “But the idea I could leave a legacy, that’s a tremendous feeling. I’m their biggest cheerleader.” - Joe Noblit; Founder of Yankee Mattress

Read about how we're solving the small business succession crisis in Inc. Magazine and The Founders Project podcast. Thank you Alexa von Tobel and Inspired Capital.

Thank you to Alexa von Tobel, Inspired Capital, and Inc. Magazine for having Teamshares cofounder and CEO Michael Sutherland Brown on the podcast to speak about our roots and passion for small business employee ownership.

A.W Brown's Pet and Garden is a staple small business in East Longmeadow, Massachusetts and has been embedded in the community for more than 50 years. Recently, the former owner Tom Wheeler retired and chose employee ownership as his legacy with the help of Teamshares. The new president Mike Burnham applauded Wheeler's choice, stating: “The main reason an owner would want to make this shift is because they care about their employees."

Thank you to Connie Loizos and TechCrunch for the profile piece on how we're making employee ownership the future of small business. https://lnkd.in/dVkfRhAq

We believe that employee ownership is the future of small business, and we're on a mission to solve the small business succession crisis by purchasing small businesses on behalf of their employees. Frank Rotman, CIO of QED Investors, summed it up best when speaking to The Wall Street Journal last week. We're thrilled to have such great investors in our corner, and look forward to continuing our work as interest in employee ownership continues to grow. https://lnkd.in/gVhfJyRu

Today Teamshares announced a cumulative $245M in VC funding to scale small business employee ownership with Yuliya Chernova and The Wall Street Journal. 

Our investors include QED Investors, Inspired Capital, Khosla Ventures, Slow Ventures, Spark Capital, Collaborative Fund, Union Square Ventures. 

Since 2021 we’ve grown our revenue from $10M to $400M and helped 84 small businesses across 31 states and 42 industries, representing 2,100 newly-minted shareholders and $28M in new wealth creation. Our goal is 10,000 small businesses and $10B for hard-working Americans. We're just getting started. 

https://lnkd.in/gy9raWbu

Last month at World Economic Forum our Co-founder and CEO Michael A. Sutherland Brown spoke with the organization about the wealth gap, and how small business employee ownership can narrow it.  Read more here: https://lnkd.in/gabkiFRf

Colorado's The Longmont Leader and Macie May shared an incredible story about The Pumphouse Brewery and the recent transition to employee ownership with Teamshares. President Conrad Legendy had this to say: 

“Employee ownership is a more sustainable way for us to keep the business alive,” Legendy said. “We are not trying to change, we are not trying to compromise what made the Pumphouse great. What we want to do is keep it great and keep on growing together with Longmont.”

Teamshares is an employee ownership platform for small businesses, driven by proprietary software, education, and financial products. Its mission is to create $10 billion of new wealth for employees through stock ownership. The company buys traditional small businesses from retiring owners to make them 80% employee-owned within 20 years and provides the companies with new leadership, financial education, equity management software, and financial products. Teamshares is the market leader for small business employee ownership, with 84 companies acquired to date.

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Teamshares

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