Hello!
This isn't a non-profit; it's a for-profit company. Look up the UK tax codes for yourself, and compare income tax with the tax on income from dividends. If they have, say, £300,000 at the end of the year, they'd actually be better off paying themselves £30,000 each, declaring the rest as profits and splitting those profits 50-50 with whatever organisations they end up supporting.
[profits] Which, if they buy enough hookers and blow, will be zero. Nonprofits make me sick. They're inevitably smug and holier than thou, while they're just working the system.
In principle you're right -- the directors of non-profits can milk as much money as they want from the organisations they run, perfectly legally. I wonder how much Jim Zemlin pays himself, for example. But this isn't a non-profit. It's a for-profit Ltd company.
It's really doubtful that an indiegogo crowdfunding is going to raise a lot of money, even with an advertisement on slashdot, given that they do not follow the kickstarter model, and whatever you donate, regardless of whether or not they hit their goals, they get to keep.
Except that they're using the all-or-nothing funding method, so if they don't get the full amount, the pledges get their money back. Win-win, yes?
The consensus seems to be that Linux Voice won't shake up the publishing industry. But if it ticks along nicely, ploughint profits back into FOSS organisations, and gives stuff away under a free licence, that'll still be pretty good. Maybe not a revolution on the 1917 or 1789 scale, but maybe revolutionary in a more modest, 1830 Paris uprising kind of way.
Slashdot Mirror
[profits] Which, if they buy enough hookers and blow, will be zero. Nonprofits make me sick. They're inevitably smug and holier than thou, while they're just working the system.
In principle you're right -- the directors of non-profits can milk as much money as they want from the organisations they run, perfectly legally. I wonder how much Jim Zemlin pays himself, for example. But this isn't a non-profit. It's a for-profit Ltd company.
It's really doubtful that an indiegogo crowdfunding is going to raise a lot of money, even with an advertisement on slashdot, given that they do not follow the kickstarter model, and whatever you donate, regardless of whether or not they hit their goals, they get to keep.
Except that they're using the all-or-nothing funding method, so if they don't get the full amount, the pledges get their money back. Win-win, yes?
The consensus seems to be that Linux Voice won't shake up the publishing industry. But if it ticks along nicely, ploughint profits back into FOSS organisations, and gives stuff away under a free licence, that'll still be pretty good. Maybe not a revolution on the 1917 or 1789 scale, but maybe revolutionary in a more modest, 1830 Paris uprising kind of way.