Popular audio company Sonos recently updated its U.S. privacy policy to make a small but notable change that seemingly puts customer data at risk. As...
Exactly. It is getting more common to set up non-profit foundations in such situations. Disclosure: There’s a lot of legal stuff I don’t understand but I think the idea is that by having a non-profit entity that is focused on the “mission” and not profits, they will be more able to make the good long-term, decisions a founder might make instead of whatever makes investors the most money.
Founder led business, it won’t last 2 ceos after Gabe exits.
This just the corp culture in the US. Parasites swarm companies to destroy them for profit.
Dude could have exited at like infinite most profitable points by now.
Organics die tho
Exactly. It is getting more common to set up non-profit foundations in such situations. Disclosure: There’s a lot of legal stuff I don’t understand but I think the idea is that by having a non-profit entity that is focused on the “mission” and not profits, they will be more able to make the good long-term, decisions a founder might make instead of whatever makes investors the most money.