«Making Openbook a for-profit was a hard choice to make. We check all the non-profits boxes and we love non-profits. We love Wikipedia, the Ghost Foundation, Fo

«Making Openbook a for-profit was a hard choice to make. We check all the non-profits boxes and we love non-profits. We love Wikipedia, the Ghost Foundation, Founders Pledge, Mozilla and many more. However we see the same struggle repeated over and over again. These companies struggle to grow beyond their profitability. These companies struggle to grow to the size and resources needed to compete with for-profit businesses. When we need to grow exponentially, we need to be able to raise the large amounts of money needed to do so. Therefore we are officially a for-profit company. But do note that when we do this, we will make sure the people investing in the company will be people with real interest on the platform, its core values of privacy, security, freedom, openness and its humanitarian nature.» [0] As a for-profit corporation’s legal operational boundaries end at the financial interests of its shareholders, any corporation-defined “core value” may not and does not benefit from legal guarantees. While a benefit corporation [1] may allow to balance the interests of shareholders and stakeholders, any form equal to a UK company limited by guarantee with “limited” exemption [2] [Section 60, Section 62] binds, secures a corporation’s objects (or “core values”) to interest-free legal requirements. For trust to ensue and persist, any “for-benefit” alternative to existing for-profit corporation- or nation state-controlled platforms must state its “core values” as the controlling corporation’s objects. [0] https://www.kickstarter.com/projects/1520156881/openbook-the-honest-open-source-and-awesome-social/faqs#project_faq_255412 https://www.kickstarter.com/projects/1520156881/openbook-the... [1] http://benefitcorp.net/sites/default/files/Benefit_Corporation_White_Paper.pdf http://benefitcorp.net/sites/default/files/Benefit_Corporati... [2] http://www.legislation.gov.uk/ukpga/2006/46/part/5/chapter/2/crossheading/required-indications-for-limited-companies http://www.legislation.gov.uk/ukpga/2006/46/part/5/chapter/2...