3 ms·
> “We're a team of 31 people now, spread all over the world, and Ghost's own revenue is now about $5M/year (up almost $2M from this time last year). We're still
by alberth 4y ago
> “We're a team of 31 people now, spread all over the world, and Ghost's own revenue is now about $5M/year (up almost $2M from this time last year). We're still an independent, self-funded nonprofit organisation that can never be bought or sold. And, everything we do is still decentralised and open source.”
There’s a lot to unpack from this paragraph. Good for them.
- ushakov 4y agoi'm wondering if they're operating as non-profit how do they spend the surplus funds? give out to employees?
- johnonolan 4y ago100% of profit is reinvested each year and carried forward toward future investments in the product and the team
- ushakov 4y agothanks for the response! that's seems like a great way to run an open-source company (and also scare potential VCs!)
- coldtea 4y agoAre VCs even a thing for non-profits?
- alberth 4y agoYep, https://ghost.org/help/funding/ https://ghost.org/help/funding/
- coldtea 4y ago"Yep" in what sense? The link refutes a "yep" answer. It shows one VC interested in funding them, and they answer to him: "But we're a non-profit org with no share capital, making FOSS. So there's nothing to invest in :)"