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by df3 3385 days ago
You might want to look into creating a benefit corporation, which is essentially a for-profit entity with goals beyond maximizing shareholder value: http://benefitcorp.net/faq

In terms of making sure the company stays true to your purpose, that's what board seats and voting shares are for. Beyond that part of entrepreneurship, and working with others in general, is accepting that we won't always get what we want. You might have to accept that your company at some point focuses more on profit than you'd prefer.

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Yeah, the public benefit company is already something we're looking at - Kickstarter is one.

And the knowledge that we don't control our children is also something we're looking at, on a philosophical level.

To be honest, I keep thinking about Charlie Stross and his corporate charters written in Python, then reminding myself that is not yet a practicable plan.