alt Hacker NewsThis is not correct. jongjong is correct that a nonprofit does not have owners in the sense that a for-profit has owners. Nonprofits are dedicated to their mission, and are run by a board of directors.
You cannot have a % ownership in a nonprofit because its resources must be used exclusively to carry out its mission. You could have a % control in its decision making process.
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tptacek • today at 3:23 AM
They're correct about the equity ownership bit, but not in their argument that there's an implicit public claim of control.
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Well, its resources can be used to pay giant salaries. That's somehow not against its mission.
And businesses with owners can be dedicated to their mission.
And public businesses are run by a board of directors.
The main difference isn't what you're saying, which is somewhat subject to interpretation. It's just that people can't invest money with expectation of a return, other than via employment, speaking fees, etc etc.