September 18th, 2006

For Profit “non-profit”


Got to be the strangest news I hear today: Philanthropy Google’s Way: Not the Usual. The story on a for-profit philanthropy arm of Google.

Yea, read it again, it is a for-profit non-profit arm. They have to pay taxes but it also give them the flexiblity to work with VCs like a commercial company. Totally werid but hey, they are afterall the one who started their IPO letter with “Google is not a conventional company. We do not intend to become one.”

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