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That’s why they formed as a public benefit corporation, it makes it more difficult to pivot towards pure profit seeking.
by dahdum 5y ago
That’s why they formed as a public benefit corporation, it makes it more difficult to pivot towards pure profit seeking.
- lmm 5y agoDoes it? I remember when Etsy was making a big fuss about being a public benefit corporation and then a couple of years later they just quietly dropped it.
- moralestapia 5y agoSee also "Open"AI.
- dahdum 5y agoI’m not certain, but I believe Etsy was never actually a public benefit corp but instead a B Corp, which they dropped because they’d have to convert to a PBC to maintain it. Whereas it sounds like this project will start as a PBC. If that’s incorrect hopefully someone can correct.