#00099
A company founded for social or environmental purposes is structurally fragile: founders age out, investors demand returns, and acquirers can buy the mission away. Without a binding ownership structure, purpose is the first thing cut when money or control changes hands.
The features that make a mission lock strong — no profitable exit, no outside control, no dividend extraction — also remove the entire return mechanism conventional equity relies on. Locked companies must grow on cash flow, debt, or mission-aligned capital, which strains capital-
An ownership lock only prevents sale and profit extraction — it cannot make remaining stewards competent or mission-faithful. A locked company can still stagnate, drift in purpose, entrench insiders, or make unverified impact claims. The lock is necessary but not sufficient.