3 ms·
Ghost (blogging software) chose to incorporate as a Company Limited by Guarantee [1], which doesn't have shares and can't be acquired that way: https://ghost.or
by ValentineC 7y ago
Ghost (blogging software) chose to incorporate as a Company Limited by Guarantee [1], which doesn't have shares and can't be acquired that way: https://ghost.org/changelog/moving-to-singapore/ https://ghost.org/changelog/moving-to-singapore/
[1] https://en.wikipedia.org/wiki/Private_company_limited_by_guarantee https://en.wikipedia.org/wiki/Private_company_limited_by_gua...
- Galaxeblaffer 7y agoSweet, i kind of knew it already existed, but this type of structure is just so damn rare. I guess most founders are really just motivated by the pot of gold at the end of the rainbow :/
- ValentineC 7y agoIt only really works for bootstrapped non-profits, and for projects that are entirely volunteer-driven. No VC would be able to invest in something like this (unless it's a grant like what YC does for non-profits [1]). Even Mozilla Foundation [2] was spun off from Netscape, and heavily supported by AOL in its early years. [1] https://www.effectivealtruism.org/articles/why-nonprofits-should-apply-to-y-combinator/ https://www.effectivealtruism.org/articles/why-nonprofits-sh... [2] https://en.wikipedia.org/wiki/Mozilla_Foundation#History https://en.wikipedia.org/wiki/Mozilla_Foundation#History