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What does "I've lost faith in the nonprofit business model" mean? Non-profits have costs they pay. Many famously outlive their founders. Many, like co-ops or c
by bux93 2y ago
What does "I've lost faith in the nonprofit business model" mean?
Non-profits have costs they pay. Many famously outlive their founders. Many, like co-ops or credit unions, don't depend on donations/endowments. They have revenue greater than expenses as a matter of basic accounting?
- pjc50 2y agoNon-profit is OK. Non-revenue is a bit of a non-starter.
- FollowingTheDao 2y agoYeah, that was a big weird red flag for me as well. He is blaming the failure of his dream on "the non-profit model"? Wait till he tries the for-profit model... Then he goes on to say that he is upset that 96% of people stop the program. Dude, coding is BORING, but coding is hyped so much that people have high expectations so you get delusional people coming and signing up to your website.
- gwd 2y agoIt sounds like his model was: "Make a non-profit org to do something useful for society, get funding from orgs that have money and want useful things done"; and it sounds like the problem he had was that orgs that want useful things done are often too specific. E.g., there are orgs to promote computer literacy among women; and among poor people in India; and among middle-schoolers in Africa, and so on. And he has users who are women, and who ware poor people in India, and who are middle-schoolers in Africa, and so on. But none of the orgs will give him a grant, because they can't guarantee the money will only be spent for their own target groups. I can see why that would be kind of discouraging.
- deleted 2y ago[deleted]
- iamleppert 2y agoYou can still work out a deal where you could identify some portion of your users as fitting the mission.
- rahimnathwani 2y agoI read the comment more narrowly. I think he's lost faith in Exercism's specific non-profit model, not non-profit models in general.
- bee_rider 2y agoHe wrote: “I think it's fair to say that at this stage I've lost faith in the nonprofit business model working in a way that allows Exercism to reach any of its potential.” Which provides additional context. Why’d you remove it? It makes it clear that he’s talking about the non-profit business model as applied to his company.
- deleted 2y ago[deleted]