NYC BigApps: For Profit or Non Profit?

A strange question started popping up in my classes at SVA PoD, NYU ITP, and in various apps and tech and data competitions:

Is my concept best suited to become a company? Or a non profit?

Strange, because when I graduated in the 90’s –┬áthis question might apply to one’s career path, but it was pretty clear that non profits were for those that wanted to do good, and for profits were for those that were ambitious, and wanted to make money.

Now there are multiple, myriad ways to form an entity, and “good” is not the provenance of the mission driven 501 (c) 3.

A better way to answer this question – follow the funding sources that accelerate scale.

I’ll be speaking Saturday, June 21, at the NYC BigApps Big Build