Kagi is already for profit, they just haven’t raised a huge amount of money:
> Kagi can afford this because they go further than being bootstrapped and profitable: As a Public Benefit Corporation, not beholden to maximizing shareholder value.
As far as I can see it explicitly allows management to consider public benefit, which is something they can do anyway (certainly if the shareholders allow it).
They are for profit, they're just a "public benefit corporation". I don't know exactly what that means and I don't think it comes with any obligations (like being a non-profit would).
It's the same status Patagonia has. I think it's more of a signal to investors (we won't maximize your gains) and a brand boost with the community.
pbronez|11 months ago
> Kagi can afford this because they go further than being bootstrapped and profitable: As a Public Benefit Corporation, not beholden to maximizing shareholder value.
graemep|11 months ago
As far as I can see it explicitly allows management to consider public benefit, which is something they can do anyway (certainly if the shareholders allow it).
FinnLobsien|11 months ago
It's the same status Patagonia has. I think it's more of a signal to investors (we won't maximize your gains) and a brand boost with the community.