The problem with doing this is that once BOAS takes off, the normal for-profit shareholders would have to be bought out for him to “go non-profit”. And the cost to buy them out would far exceed the startup costs. This is why investors often like funding businesses at the ground floor rather than buying shares of businesses that have already captured immense market share.
I also don’t like characterizing businesses like BOAS as “nonprofit”. They are trying to make an obscene profit, like other businesses, but for charities rather than private investors.
The problem with doing this is that once BOAS takes off, the normal for-profit shareholders would have to be bought out for him to “go non-profit”. And the cost to buy them out would far exceed the startup costs. This is why investors often like funding businesses at the ground floor rather than buying shares of businesses that have already captured immense market share.
I also don’t like characterizing businesses like BOAS as “nonprofit”. They are trying to make an obscene profit, like other businesses, but for charities rather than private investors.