@jason
@Jason · Mar 2, 2024
The IRS is going to be all over this… I’m fascinated by the concept of starting companies as non-profits, getting tax breaks & spinning out for profits
Donate $1m to a startup nonprofit & get tax breaks, then get equity in a for profit and sell the shares and start over.
Elon Musk
@elonmusk
Yeah, this structure is either legal and everyone should do it or it is illegal and OpenAI is a house of cards
10:14 PM · March 2, 2024 · 139.6K views
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