alt Hacker NewsA public benefit corp shouldn’t be a start up. The primary goal of a start up is to grow as quickly as possible which is rarely benefits the public.
Very silly to call every non start up a lifestyle business. It’s just a business. Start up are the weird thing that almost always an obscene waste of time and money, but sometime creates google.
Replies
perfmode • today at 10:12 PM
Anthropic is a PBC.
mgfist • today at 6:16 PM
> The primary goal of a start up is to grow as quickly as possible which is rarely benefits the public.
Why is that so? Fast growth, when achieved honestly, is a result of solving user pain that others haven't. Maybe you think so because users != the public, but I think in totality the public is a collection of users who all have needs they want met.
➕ show 1 reply
A PBC is not a charity or a non-profit. PBCs are for-profit businesses with the goal of making money. In day-to-day business they're indistinguishable with other for-profit corporations, including fundraising and investment. The only real practical difference is that they give directors a little more leeway in their fiduciary duties to say "no" to doing evil things.
The advantage to a PBC is protecting founders from a serious problem with standard corporations: you might bring on investors who could subsequently demand you pollute, exploit people, and/or do other immoral activities for profit. You don't have to do these things to grow a business quickly.