I'm building a product that you would think is perfect for the typical "startup" scenario.
However, I hate everything that usually involves startups: I don't want to raise money (I want this product to be bootstrapped), I don't want to have equity, I don't want to have investors, I don't want to have shares, etc.
I simply want my product to bring enough revenue to cover some salaries (and if it keeps growing, just hire more people and increase the salaries).
So then I have two questions:
- Would then this count as a 501(c)(3) non-profit (or any other non-profit type)?
- I've read about how normally some non-profit organizations (such as Foundations) work, but I'm not interested in those legalities either (e.g. having a foundation board whose members are not employed by the foundation and don't receive a salary from it, etc). Is there any non-profit org model that is simpler and has a simple hierarchical structure?