Nick Francis

speaker

323 appearances 1 recordings 1 series first heard Jun 2026 last heard 30 Jun

Nick Francis’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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Startups For the Rest of Us · Episode 839 | The Journey Growing Help Scout to $35M ARR · 30 Jun 2026 podcast

I don't care.

That's the best one.

So Eric Ries just came out with a book called Incorruptible that's about all of these kind of concepts.

And he says it so much better than I do.

But, you know, as a founder, you often don't realize what you're signing up for when you start a corporation in America, right?

You don't really realize that corporations are legally designed to serve only the shareholder.

There's no other stakeholders so that we talk about a broad definition of success that I have.

Legally, corporations don't have a broad definition of success.

Shareholder value is the only thing that matters.

And that's always felt incongruent with my personal values and the values that we espouse as a company.

And so believe it or not, I got to give our friends at Foundry Group a lot of credit here.

Our investor sent us a book on public benefit corporations.

they sent every CEO a book on what a public benefit corporation was.

And like this whole handbook, I think it was the B Corp handbook back in the day.

So it was before public benefit corps were a thing, but it was like the B Corp certification thing.

And I just, I read it, I loved it.

And basically the concept behind a public benefit corporation today, instead of a C Corp, it's a PB Corp,

And you can do it in Delaware, just like you would do a C Corp.

And effectively, it just says, hey, instead of there being one stakeholder, the shareholder that you serve, that you exist to make happy, then there's a variety of stakeholders.

There's customers, there's employees, there's the broader community at large, and there's also shareholders.

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