undefined | Better HN

0 pointscrop_rotation2y ago0 comments

The non profit is the majority owner of the for profit, and there is no investor pressure here to make billions.

0 comments

j452y ago

Could that not change as the board changes?

I think the board is required to be a majority non-equity-holders precisely because an equity-holding board will not keep to their non-profit mission.

j452y ago

Since it's a private non-profit corp it might be whatever they want the rules to be.

Arms-length neutrality on a board in silicon valley might still work like the rest as other comments have stated. Maybe someone can shed some light on it

1 more reply

j / k navigate · click thread line to collapse

0 pointscrop_rotation2y ago0 comments

The non profit is the majority owner of the for profit, and there is no investor pressure here to make billions.

0 comments

j452y ago

Could that not change as the board changes?

jprete2y ago

I think the board is required to be a majority non-equity-holders precisely because an equity-holding board will not keep to their non-profit mission.

j452y ago

Since it's a private non-profit corp it might be whatever they want the rules to be.

Arms-length neutrality on a board in silicon valley might still work like the rest as other comments have stated. Maybe someone can shed some light on it

1 more reply

j / k navigate · click thread line to collapse