[eightysixfour]

Non-profit does not mean “spends money in perpetuity with no revenue.”

[eggsnbacon1]

that's not what happened with OpenAI though. They're not a non-profit anymore, they changed to a "controlled profit" (lol) model.

I didn't know this was even possible/legal. Start as a non-profit for all the tax advantages and convert to for-profit once you've got a saleable product? Maybe startups should start doing this

[chrisco255]

What's the point? If your business doesn't turn a profit then you don't owe business income taxes anyways. Most businesses take several years to reach profitability.

[texasbigdata]

I thought it was capped profit not controlled.