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Jumo is a non-profit, not a startup. Using the language "acquired" and "exit" doesn't make any sense.
by jgilliam 15y ago
Jumo is a non-profit, not a startup. Using the language "acquired" and "exit" doesn't make any sense.
- rhizome 15y agoThe submitter is a betabeat shill, so I'm guessing the phrase, "maximum click juice," should provide enough sensemaking points.
- bproper 15y agoAcquired was the term used in the original Fast Company story that broke the news and the term used by Jumo General Manager Kristen Titus.
- deyan 15y agoThis is incorrect. You can acquire and merge nonprofits just like a real corporation. The difference is that you don't have equity, therefore, if you do want to compensate people (e.g. employees or investors or whoever), you need to do so with cash (e.g. bonuses).