4 ms·

Non-profit does not mean “spends money in perpetuity with no revenue.”

• golergka 6y ago
  Yes, that's what vc-based startups are for.
• eggsnbacon1 6y ago
  that's not what happened with OpenAI though. They're not a non-profit anymore, they changed to a "controlled profit" (lol) model. I didn't know this was even possible/legal. Start as a non-profit for all the tax advantages and convert to for-profit once you've got a saleable product? Maybe startups should start doing this
  • chrisco255 6y ago
    What's the point? If your business doesn't turn a profit then you don't owe business income taxes anyways. Most businesses take several years to reach profitability.
  • texasbigdata 6y ago
    I thought it was capped profit not controlled.
• deleted 6y ago
  [deleted]