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Becoming a public benefit corporation does not make you the good guys, but it does stop investors suing you for pursuing your stated purpose.

Drawn from what Eric Ries said

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A private bookmark. Not a position, and never counted.

What Eric Ries actually said

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  1. Eric Ries

    Author of The Lean Startup and Incorruptible

    It doesn't guarantee that you're the good guys. Okay? Just writing it down doesn't do that much. But it does solve one very specific problem, which is if someone one day sues you saying you breached your fiduciary duty to investors, you could say, "Nope, investors agreed that this is our purpose to do this thing.

    Where this was said

    Watch from 1:01:09 plays here

    ↗How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Riesyoutube.com

    video · 1h 39m · spoken · machine transcript

    All 24 korrents from this recordingthis one is 16th

Added to korrents 10 May 2026 · How quotes work · Something wrong? Tell us

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