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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.

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Twitter co-founder Biz Stone joins board of Mastodon's new US nonprofit | TechCrunch (techcrunch.com)

submitted 6 months ago by sexy_peach to c/technology

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[–] drwho 36 points 6 months ago (1 children)

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.

[–] jarfil 9 points 6 months ago (1 children)

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 😒

[–] drwho 4 points 6 months ago

Them's who has the gold, makes the rules.