When a founder decides to build an impact driven organization, at some point they have to make an important decision on whether to structure it as a for profit entity or a non-profit. While a for-profit can maximize financial upside to the founding team and shareholders, a non-profit by definition can focus more of its effort on the impact it wants to have in the world.
In this week’s episode bring back Darrell Silver, the founder and former CEO of Thinkful, a for-profit education venture, to talk about why the model of the non-profit freeCodeCamp is so innovative in its funding and impact model, and why he is now a major donor and supporter of the organization that was founded with a similar mission to his.
In this rare interview, we got to dive into some of the nuances of how nonprofits are managed and how freeCodeCamp has been able to deliver 1.1 billion minutes of instruction with just a 12 person team by making their education model open source. We also discussed how people who want to improve their career prospects and pick up a technical skill can best decide whether to learn online for free or pay tuition for an instructor guided education experience if they can afford it.
Tune in to hear our interview with Darrell Silver about the story and future of freeCodeCamp.