The older I get, the more fun it is to hang out with young folks and soak up their life force. I spent last Saturday mentoring at Startup Scramble, a very high-energy event with students from GW, Georgetown, American University, and several other DC colleges. Our mission: to launch a venture in a weekend (much like Startup Weekend), but with a special emphasis on the triple bottom line.
People in all stages of their careers have asked me about non-profit projects, and specifically what it means to be a 501(c)(3) org. Here, for the edification of the whole internet, is a rundown of the pros and cons of being a 501(c)(3).
We played some lively rounds of Family Feud to brainstorm the concepts, and I was amazed. These students knew everything. Internet + free time = omniscience + YouTube.
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