![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
thewayneIt only took six years. The project is headed up by two former Netscape employees who, with their wife's blessings, quit their jobs to work on this full time. They're developing all the hardware and software, and applied for tax-exempt status with the IRS.
It took six years to get it. They were caught up in the IRS problems from earlier this year. Turns out there's 200 employees responsible for vetting 60,000 501(c) applications every year, and they take close scrutiny with software projects like this. The issue is that they see a lot of people spin off big development projects into tax-exempt shelters, develop the code, then sell it. The delay is understandable and unfortunate, but fortunately this project survived.
http://www.wired.com/wiredenterprise/2013/08/osdv/all/
It took six years to get it. They were caught up in the IRS problems from earlier this year. Turns out there's 200 employees responsible for vetting 60,000 501(c) applications every year, and they take close scrutiny with software projects like this. The issue is that they see a lot of people spin off big development projects into tax-exempt shelters, develop the code, then sell it. The delay is understandable and unfortunate, but fortunately this project survived.
http://www.wired.com/wiredenterprise/2013/08/osdv/all/
no subject
Date: 2013-08-09 07:16 am (UTC)