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It’s not about whether an argument can be made where becoming a for profit aligns with goals. The more general issue is whether one should be able to raise mone
by ITB 2y ago
It’s not about whether an argument can be made where becoming a for profit aligns with goals. The more general issue is whether one should be able to raise money with the pretext of a non-profit, pay no taxes, and later decide to take it all private.
In that case, why shouldn’t original funders be retroactively converted to investors and be given a large part of the ownership?