Being a nonprofit cuts you off capital. Investors are reluctant to fund nonprofits, which aren't going to generate value for them. It's okay if a company doesn

Being a nonprofit cuts you off capital. Investors are reluctant to fund nonprofits, which aren't going to generate value for them. It's okay if a company doesn't need capital, but even tech firms take $50-100M a year to grow. Again, if your sector consists of nonprofits, you may do fine. But IT and finance are for profit industries, with rare exceptions.