So interesting! I had no idea that many #Bitcoin companies are actually “non-profits”, and that this could be a viable business structure.
A win-win for all parties, even.
Several people have advised me to set up #Bitvocation as a non-profit, in order to increase chances for funding. I found this quite odd in the beginning, because I always thought non-profits are charities. But after listening to this episode, it makes a lot more sense!
Ofcourse there are lots of pros and cons to consider. Big thanks to all the people who are generously sharing their insights on this with me 🧡
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