__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
The footnoted article on which that "evasive" characterization is based provides this information:
Quote:
One user — who like nearly everyone else on the site was psyched to be essentially tweeting but without having to deal with Twitter — inquired who owns Bluesky. Why said that “the founding team holds the equity” and that Dorsey himself is not an owner. (You can verify that Why is part of the Bluesky team because of how self-verifying handles work in the AT Protocol; only people who control the domain name bsky.team are able to have handles like that.)
When asked for clarification about Bluesky’s ownership, Emily Liu, another member of the Bluesky team, told me that Bluesky has been offering employees equity as part of their compensation packages, as is a common practice with startups. She also confirmed that Bluesky PBLLC’s board consists of Graber, Dorsey, and Jeremie Miller, inventor of the open and decentralized chat protocol Jabber.
For burgeoning Twitter skeptics, this should be good news: a much better arrangement than if it were owned by Dorsey or, worse yet, if it were a subsidiary of Twitter. The arrangement also explains why Bluesky PBLLC appears on Dun & Bradstreet’s list of minority and women-owned businesses: Jay Graber, Bluesky PBLLC’s CEO and primary owner, is a woman of color.
They did, however, give a less-than-complete answer when asked about the company's charter:
Quote:
According to Graber, they chose PBLLC because it was fast to form and because “being Public Benefit means shareholders can’t sue us for pursing mission over profit.” The mission appears to be the design and promotion of the AT Protocol and its ecosystem of (eventually) other social networks that federate with Bluesky Social, along with the larger Bluesky developer community that has sprung up.
Liu, who answered some of my questions, did not respond when I asked for the exact language the Bluesky PBLLC used to describe its public benefit mission when incorporating the company. She also didn’t say whether the company would publish its annual benefits reports — reports that PBLLCs are required to create each year, but PBLLCs incorporated in Delaware, where Bluesky was incorporated, are not required to make them public.
In her email, Liu said, “We’re generally not taking interviews right now because we’re heads down on work.”
While the Certificate of Formation (public charter document, a copy of which can be obtained from the Delaware Secretary of State for a fee) must contain special language stating that it is a public benefit entity, the precise statement of its mission is likely contained in its operating agreement (kind of like a corporation's bylaws). An operating agreement would not necessarily be made public unless the entity were to offer equity to the public.
Quote:
An LLC wishing to elect Public Benefit status must include a Public Benefit Statement in its Certificate of Formation and cannot elect to terminate its status without a two-thirds vote of the members. In addition, the LLC’s limited liability company agreement should articulate in detail the “public benefits” that management may consider in operating the LLC. Clear articulation of public benefit factors provide the LLC with greater clarity in acting within the parameters provided in the formation document.
The Certificate of Formation for the Public Benefit LLC will need to contain the following:
Will clearly state the LLC is a Public Benefit LLC; however, the name of the LLC does not need to contain PB or Public Benefit LLC since that will be clearly visible on the Certificate of Formation.
Indicate one (or more) public benefit purpose(s) or goal(s) the company will specifically promote. These should be artistic, charitable, cultural, economic, educational, environmental, literary, medical, religious, scientific and/or technological in nature.
All the other information typically required on a LLC’s Certificate of Formation is also needed, such as the name of the Authorized Person and the name and address of your Delaware Registered Agent.
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
The footnoted article on which that "evasive" characterization is based provides this information:
Quote:
One user — who like nearly everyone else on the site was psyched to be essentially tweeting but without having to deal with Twitter — inquired who owns Bluesky. Why said that “the founding team holds the equity” and that Dorsey himself is not an owner. (You can verify that Why is part of the Bluesky team because of how self-verifying handles work in the AT Protocol; only people who control the domain name bsky.team are able to have handles like that.)
When asked for clarification about Bluesky’s ownership, Emily Liu, another member of the Bluesky team, told me that Bluesky has been offering employees equity as part of their compensation packages, as is a common practice with startups. She also confirmed that Bluesky PBLLC’s board consists of Graber, Dorsey, and Jeremie Miller, inventor of the open and decentralized chat protocol Jabber.
For burgeoning Twitter skeptics, this should be good news: a much better arrangement than if it were owned by Dorsey or, worse yet, if it were a subsidiary of Twitter. The arrangement also explains why Bluesky PBLLC appears on Dun & Bradstreet’s list of minority and women-owned businesses: Jay Graber, Bluesky PBLLC’s CEO and primary owner, is a woman of color.
They did, however, give a less-than-complete answer when asked about the company's charter:
Quote:
According to Graber, they chose PBLLC because it was fast to form and because “being Public Benefit means shareholders can’t sue us for pursing mission over profit.” The mission appears to be the design and promotion of the AT Protocol and its ecosystem of (eventually) other social networks that federate with Bluesky Social, along with the larger Bluesky developer community that has sprung up.
Liu, who answered some of my questions, did not respond when I asked for the exact language the Bluesky PBLLC used to describe its public benefit mission when incorporating the company. She also didn’t say whether the company would publish its annual benefits reports — reports that PBLLCs are required to create each year, but PBLLCs incorporated in Delaware, where Bluesky was incorporated, are not required to make them public.
In her email, Liu said, “We’re generally not taking interviews right now because we’re heads down on work.”
While the Certificate of Formation (public charter document, a copy of which can be obtained from the Delaware Secretary of State for a fee) must contain special language stating that it is a public benefit entity, the precise statement of its mission is likely contained in its operating agreement (kind of like a corporation's bylaws). An operating agreement would not necessarily be made public unless the entity were to offer equity to the public.
Quote:
An LLC wishing to elect Public Benefit status must include a Public Benefit Statement in its Certificate of Formation and cannot elect to terminate its status without a two-thirds vote of the members. In addition, the LLC’s limited liability company agreement should articulate in detail the “public benefits” that management may consider in operating the LLC. Clear articulation of public benefit factors provide the LLC with greater clarity in acting within the parameters provided in the formation document.
The Certificate of Formation for the Public Benefit LLC will need to contain the following:
Will clearly state the LLC is a Public Benefit LLC; however, the name of the LLC does not need to contain PB or Public Benefit LLC since that will be clearly visible on the Certificate of Formation.
Indicate one (or more) public benefit purpose(s) or goal(s) the company will specifically promote. These should be artistic, charitable, cultural, economic, educational, environmental, literary, medical, religious, scientific and/or technological in nature.
All the other information typically required on a LLC’s Certificate of Formation is also needed, such as the name of the Authorized Person and the name and address of your Delaware Registered Agent.
According to Crunchbase, BlueSky PBLLC's headquarters are in Seattle, and it has 17 investors, some of whom you can see without subscribing to Crunchbase Pro: Partial List of Investors
Last edited by ShottleBop; 08-03-2023 at 07:06 PM.
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
There's medication and treatment for whatever the fuck's wrong with you.
Are you a Doctor?
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
You’ve only yourself to blame for having nowhere else to go.
I understand your pain
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
And every thread you post isn’t an honest endeavour, it is merely a middle finger in your war with the entire planet. You’re the kid who lost every fight in middle school and has never recovered.
__________________
Peering from the top of Mount Stupid
Your middle school must have sucked. Fights? What kind of savage are you?
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
The footnoted article on which that "evasive" characterization is based provides this information:
Quote:
One user — who like nearly everyone else on the site was psyched to be essentially tweeting but without having to deal with Twitter — inquired who owns Bluesky. Why said that “the founding team holds the equity” and that Dorsey himself is not an owner. (You can verify that Why is part of the Bluesky team because of how self-verifying handles work in the AT Protocol; only people who control the domain name bsky.team are able to have handles like that.)
When asked for clarification about Bluesky’s ownership, Emily Liu, another member of the Bluesky team, told me that Bluesky has been offering employees equity as part of their compensation packages, as is a common practice with startups. She also confirmed that Bluesky PBLLC’s board consists of Graber, Dorsey, and Jeremie Miller, inventor of the open and decentralized chat protocol Jabber.
For burgeoning Twitter skeptics, this should be good news: a much better arrangement than if it were owned by Dorsey or, worse yet, if it were a subsidiary of Twitter. The arrangement also explains why Bluesky PBLLC appears on Dun & Bradstreet’s list of minority and women-owned businesses: Jay Graber, Bluesky PBLLC’s CEO and primary owner, is a woman of color.
They did, however, give a less-than-complete answer when asked about the company's charter:
Quote:
According to Graber, they chose PBLLC because it was fast to form and because “being Public Benefit means shareholders can’t sue us for pursing mission over profit.” The mission appears to be the design and promotion of the AT Protocol and its ecosystem of (eventually) other social networks that federate with Bluesky Social, along with the larger Bluesky developer community that has sprung up.
Liu, who answered some of my questions, did not respond when I asked for the exact language the Bluesky PBLLC used to describe its public benefit mission when incorporating the company. She also didn’t say whether the company would publish its annual benefits reports — reports that PBLLCs are required to create each year, but PBLLCs incorporated in Delaware, where Bluesky was incorporated, are not required to make them public.
In her email, Liu said, “We’re generally not taking interviews right now because we’re heads down on work.”
While the Certificate of Formation (public charter document, a copy of which can be obtained from the Delaware Secretary of State for a fee) must contain special language stating that it is a public benefit entity, the precise statement of its mission is likely contained in its operating agreement (kind of like a corporation's bylaws). An operating agreement would not necessarily be made public unless the entity were to offer equity to the public.
Quote:
An LLC wishing to elect Public Benefit status must include a Public Benefit Statement in its Certificate of Formation and cannot elect to terminate its status without a two-thirds vote of the members. In addition, the LLC’s limited liability company agreement should articulate in detail the “public benefits” that management may consider in operating the LLC. Clear articulation of public benefit factors provide the LLC with greater clarity in acting within the parameters provided in the formation document.
The Certificate of Formation for the Public Benefit LLC will need to contain the following:
Will clearly state the LLC is a Public Benefit LLC; however, the name of the LLC does not need to contain PB or Public Benefit LLC since that will be clearly visible on the Certificate of Formation.
Indicate one (or more) public benefit purpose(s) or goal(s) the company will specifically promote. These should be artistic, charitable, cultural, economic, educational, environmental, literary, medical, religious, scientific and/or technological in nature.
All the other information typically required on a LLC’s Certificate of Formation is also needed, such as the name of the Authorized Person and the name and address of your Delaware Registered Agent.
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
And again your lack of self discipline has robbed you of the night’s sleep. There are some good sleep aid medications, although and anger management counselor would be better for long term results.
__________________
Peering from the top of Mount Stupid
__________________
"Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, "Is it reasonable?""
Mr. Bluesky who are you?
Linear Mode
