I'm more interested to know exactly WHO is on 'The Board' we hear so much about!! and some background into Steem Incs company profile which seems very mysterious. How can people be expected to invest in such a mysterious company?
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Well to be clear, buying Steem is not investing in Steemit Inc. That's a private company that I'm sure has stocks and a board etc.
Anyone can create a company and launch a product on the Steem blockchain. They were just the first.
With their stake size and the way they got it, the waters on this are muddy for sure, but that's officially the structure.