Why We're Choosing Stewardship Over an Exit

The design and development consultancy thoughtbot announced that its ownership has moved into the thoughtbot Purpose Trust, a perpetual purpose trust that holds the company for the benefit of its stakeholders and founding purpose rather than any owner seeking liquidity. Because the trust never needs to sell, the company is structurally insulated from the acquire-and-flip pressures that reshape most agencies, and its stewardship is overseen by a board that will grow to include employee and community seats. It is a thoughtful argument for independence as a deliberate structure, not just a preference.