Yet another example that if people want to put their money where their mouth is w.r.t not being bought out, only trust a not for profit organization.
1. Build a lasting private business (Mailchimp) 2. Go public (Facebook) 3. Get acquired (Instagram)
Obviously, I'm ball-parking here, but 99% of startups with "successful" outcomes happen via acquisition. For the vast majority of most startups, acquisition is the only viable outcome other than failure.
Edit: thought about St. Jude’s hospital but it depends on donations.
https://citationsneeded.libsyn.com/episode-45-the-not-so-ben...
You would be surprised how this works.
Not a very good heuristic, people always find ways to profit from so-called 'non-profits'.