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Steward Market Is Now Endorsed by the Purpose Pledge. Here's What Their Framework Actually Requires.

May 29, 2026

Steward Market Is Now Endorsed by the Purpose Pledge. Here's What Their Framework Actually Requires.

Steward Market has been endorsed by the Purpose Pledge. Here's what the framework actually requires, why it was built, and why ownership transition is the moment when mission is most at risk.

Steward Market Field Guide

May 23, 2026

Steward Market Field Guide

Steward Market asks for more than basic transaction information. This guide explains every field sellers, buyers, and ecosystem partners will encounter, what each one means, how to fill it out, and how others will use it to assess fit.

Ethical Exits Are Not Neutral

May 1, 2026

Ethical Exits Are Not Neutral

Exits aren't neutral technical events — they're purposeful inflection points whose design choices shape the fate of employees, communities, and the broader economy long after closing.

What Founders Are Really Afraid Of When They Sell

May 1, 2026

What Founders Are Really Afraid Of When They Sell

Founders rarely admit fear when selling. The deepest concerns aren't financial — they're about erasure, identity, betrayal, and how a legacy will be judged.

What Alignment Actually Looks Like in a Good Deal

May 1, 2026

What Alignment Actually Looks Like in a Good Deal

Alignment is one of dealmaking's most overused and least defined words. It's not a feeling — it's a structural outcome that protects what matters under stress.

Stewardship Is a Design Choice, Not a Personality Trait

May 1, 2026

Stewardship Is a Design Choice, Not a Personality Trait

Outcomes from ownership transitions rarely fail because of bad people. They fail because systems reward speed and extraction. Stewardship has to be designed, not assumed.

After the Close: What Actually Determines Whether a Deal Was Good

May 1, 2026

After the Close: What Actually Determines Whether a Deal Was Good

Whether a deal was good is rarely determined at signing. The factors that decide post-close outcomes are quieter, harder to measure, and almost never prioritized.

Employee Ownership Models 101

May 1, 2026

Employee Ownership Models 101

Employee ownership isn't one structure but a set of approaches — ESOPs, co-ops, EOTs, steward-ownership, perpetual trusts — each making different tradeoffs between economic share and decision-making power.

Valuing Your Values: How Purpose Shows Up in Deal Structure and Deal Price

May 1, 2026

Valuing Your Values: How Purpose Shows Up in Deal Structure and Deal Price

Values aren't a tax on a transaction — they shape who shows up, how risk is priced, and what survives the close. The only question is whether they're explicit or default.

Navigating the Dip: Why Ownership Structure Matters More in a Down Market

May 1, 2026

Navigating the Dip: Why Ownership Structure Matters More in a Down Market

Down markets reveal weak ownership structures that abundant capital had been hiding. In moments like this, structure becomes the difference between continuity and collapse.