158
Twitter co-founder Biz Stone joins board of Mastodon's new US nonprofit | TechCrunch
(techcrunch.com)
this post was submitted on 30 Apr 2024
158 points (100.0% liked)
Technology
37719 readers
285 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
For non-profits (like 501(c)(3)'s) that's not unusual. Non-profits are more like specialized tools for the board of directors than like companies.
Source: First ten years of my career were at non-profits.
That's an abuse of non-profits for financial engineering. They're intended to work exactly like companies, except without a monetary profit for shareholders.
Source: Got plenty of blank stares when I tried to set up a non-profit, "you're not yet big enough to think about tax evasion", they'd keep telling me 😒
Them's who has the gold, makes the rules.