Edit: thanks y'all for your answers, I didn't think to check the rest of his Twitter timeline to see if he already answered that question.
Edit: thanks y'all for your answers, I didn't think to check the rest of his Twitter timeline to see if he already answered that question.
> Why is #startsmall a LLC? This segments and dedicates my shares to these causes, and provides flexibility. Grants will be made from Start Small Foundation or the LLC directly based on the beneficiary org. All transfers, sales, and grants will be made public in tracking sheet.
Private + non-profit combinations are not uncommon. I'm not sure about the specifics in the US, but getting the status as a non-profit acknowledged is also a PITA in some jurisdictions, especially if he dedicates part of it to non-traditional causes like UBI.
I find the division between those who are donating or pledging, vs those lining up for a handout, far more interesting.
https://www.sfgate.com/news/article/Behind-the-scenes-privat...
Basically more control.
Emerson Collective (Laureen Jobs) is probably the most prominent example.