Does it? I remember when Etsy was making a big fuss about being a public benefit corporation and then a couple of years later they just quietly dropped it.
I’m not certain, but I believe Etsy was never actually a public benefit corp but instead a B Corp, which they dropped because they’d have to convert to a PBC to maintain it. Whereas it sounds like this project will start as a PBC.
If that’s incorrect hopefully someone can correct.
If that’s incorrect hopefully someone can correct.