Comment by verdverm
1 day ago
Running a non-profit with the mentality of SV, what could go wrong?
Definitely something I will actively avoid after parent comment
1 day ago
Running a non-profit with the mentality of SV, what could go wrong?
Definitely something I will actively avoid after parent comment
Seems better like the current state...of there not being anything like that? Perfect is the enemy of good.
There are many existing projects like this, I'm not going to pick the one started by a former VC
Ask if those have not changed things, why would a VC run thing make things better? The last 2 decades have shown us what VC centeredness has brought us
Can you point out some existing ones with traction? I'm looking more at the list of people who are on board with it ("Trusted by open source creators" section) than who is actually running it, which I think is more important to get buy in than whoever is pulling admin strings in the back.
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Former VC!?
KV ... you gonna take that lying down? :P
> There are many existing projects like this
Also please link, we're not aware of any other endowments exclusively focused on Open Source.
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Not the former VC, but an active venture capitalist: https://kvinogradov.com. I earn money by investing in open source / AI / infra software startups, and I spend money by donating to nonprofit open source projects :-)
Also, it is not a VC who run things, but the team which consists of people with diverse backgrounds (founders/executives/devs x OSS/nonprofit) and the donor community (which everybody can join): https://endowment.dev/community/
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What are your specific concerns?
By the way, only 1 out of 6 core team members is based in SV.
SV is not a geographical location in the sense I'm using it
Taking capital, using it, taking fees, and then distributing leftovers... sounds like Trumponomics
We all - the OSE donors - are donating personal savings to make this work, and are directly interested to make this org as efficient as possible. Having skin in the game is best way to keep such nonprofits accountable. There is no leftovers or fees - all investment income from donations goes to open source, except for minimized operating expenses (e.g. accounting). It is run by the team of volunteers without salaries, and we require $1000+/year donations from all directors of this org.
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