Reddit’s cofounder said that at first the company felt like ‘a homework assignment that got out of hand’ rather than a business::Reddit’s cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.
Yeah, I’ve read about Patagonia and love their model. I’m just skeptical in general because leadership can change. The Non-Profit stamp provides certain legal rules, whereas a private charter is enforced by the people who have power to change it.
I’m absolutely a fan of responsible for-profit companies like Valve (esp. wrt company structure), and I wish that was the norm instead of the exception.
That’s what I’m saying - there’s absolutely nothing about nonprofit status that demands a company not act like a total asshole. Have a look at all the really bad ones like the Komen Foundation or Red Cross if you want an example.
Best bet, barring adding more legal mechanisms to the law, is a private for-profit with careful leadership. Yeah, it can change, but companies that put values first can and often do confer those same values to future leadership. Versus, of course, publicly traded companies where rampant growth at all costs is the only legal requirement.