Ask HN: For-profit, non-profit, or some kinda hybrid?

Important Media (.org) is another entry in the "innovative models for breakeven+ creation of good online content" spaghetti-against-the-wall contest. Currently, it's organized as an L3C -- the "low-profit limited liability company" is on the books in ~10 states, and is defined by putting 501c3-like social mission into an LLC charter ahead of profit. What this means is that it's basically organized as close as our legal system allows to a hybrid right now, and retains the optionality to take either path for as long as it's kept this way. Background: A long time ago in a part of the bay area far far away, I started a niche blog network about environmental issues called Green Options Media. After a while, it was acquired by a social entrepreneurship incubator called Virgance, and then mostly spun back out to me earlier this year. I've nursed its 11 sites mostly back to health from disrepair, while implementing what I believe to be sustainable, scalable structures for organic growth. Over