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This is such a weird take.
Im not so sure that its true. A charlatan founder can deceive unsophisticated investors easily. These stories are plentiful. Legitimate nonprofits have oversight through their Board... and these Boards do hold no profits accountable....
So can nonprofits attract a fraudster? Sure. But I cant see why itd be any more attractive than a startup. Not a YC or top-investor-funded startup. But as you know, most startups aren't that.
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