Concept · Governance & Ownership
Dual-Class Stock
Origin: Founders' control mechanism
Biological Parallel
Naked mole rat colonies have biological dual-class stock: the queen and 1-2 breeding males hold all 'super-voting shares' (100% reproductive rights), while 200+ workers hold non-voting common stock (zero reproductive rights but share in colony success through inclusive fitness). This extreme reproductive skew concentrates control while distributing benefits—workers share 75% genes with offspring, gaining genetic returns without governance rights. The system persists because harsh environments make solo reproduction nearly impossible, forcing workers to accept the dual-class structure or face zero fitness—exactly why founders accept VC terms despite diluted control.