> Most in this space are nonprofits but we are a business. We take a 20% fee on each subscription. This allows us to hire talented engineers, invest in marketing, and raise capital.
Non-profits can do all of those things, too... Why not do them as a non-profit?
Ah, sorry "hire talented engineers, invest in marketing, and raise capital." was actually more in reference to the 20% fee.
Although we think impact investors and potentially even VCs can help fund this which is why we haven't become a nonprofit. We are looking at Benefit Corporation as the best legal structure for this, but it will take some time for us to transfer over.
Non-profits can do all of those things, too... Why not do them as a non-profit?