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I figured monetary profit was implicit in them applying to Y Combinator.
by sun_machine 12y ago
I figured monetary profit was implicit in them applying to Y Combinator.
- dethstar 12y agoLike someone else has said in this thread. YC accepts non profits.
- CuriousObserver 12y agoI don't think people understand that non-profits too need profits, they just don't take all of it home.
- doughj3 12y agoNon-profits need revenue, not profit.
- sun_machine 12y agoBut if your operating costs are more than your revenue (thus, no profit), who is keeping that non-profit afloat?
- dvanduzer 12y agoA non-profit organization can solicit donations big and small, via grants, memberships, and other common mechanisms. A non-profit organization can also sell things at a markup. There are alarmingly profitable for-profit tote bag businesses riding the back of non-profits everywhere.