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this post was submitted on 30 Apr 2024
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Technology
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So... by my count, the board of directors actually outnumber the employees.
At a "non-profit" (until that was revoked) company that gets most of its funding through Patreon.
Years from now (and at this rate, not very many of them), when people wonder how it was that such a promising venture that championed decentralization turned into just another enshittified megacorporation squatting over a piece of internet real estate and extracting rent to pay obscene salaries to a handful of executives - this is how. We're watching as the foundation is being laid, right now.
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 ๐
Them's who has the gold, makes the rules.