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It's easy to get the share structure you want if you're the founder of a typical C Corp. Sam Altman can probably do it in his sleep. In a non-profit structure,
by kijin 3y ago
It's easy to get the share structure you want if you're the founder of a typical C Corp. Sam Altman can probably do it in his sleep.
In a non-profit structure, your options are much more limited. There are no shares, no shareholders, no IPOs, no investors, no valuations that you can appeal to as an indicator of your performance. Conflicts within the board often boil down to a battle of reputation and influence, ego and resentment.
- jessriedel 3y agoOften they boil down to honest substantive disagreements about what would best accomplish the non-profit's mission.
- dragonwriter 3y agoBut in addition to the problem of predicting the future that applies to any businesses assessment of what will best serve its future goals, the goals of a charitable nonprofit are often not things that are easily to measure achievement of or progress toward objectively, which makes some debates even fuzzier than they are in business organizations.
- jessriedel 3y agoAgreed.
- jacob_rezi 3y agoCan you go into more detail about this: It's easy to get the share structure you want if you're the founder of a typical C Corp.
- raldi 3y agoThere will be two classes of shares, one where each gets 50 votes, and one where each gets one. I get the first one and we'll issue the second to everyone else.