4 ms·

So it seems like it was a mistake to let go of control of the foundation as one of the original founders? But if you have to (I see there were health reasons),

So it seems like it was a mistake to let go of control of the foundation as one of the original founders? But if you have to (I see there were health reasons), doesn't a foundation have a charter, where one could put the intention that e.g. 50% of funds go directly to software development, or something?

morisy 3y ago
Just as an informational point, it's generally highly discouraged for foundations or non-profits to have board members (the ones that have the legal control) take a salary as it creates a conflict of interest that's hard to work out of. So if you help found a non-profit, raise money, and then want to do it full time, a lot of times you'll invariably lose control — and there's good governance reasons for that, but it definitely matters who the board ends up being.