Member-only story
Proton’s Non-Profit Transformation: A New Chapter
Proton, the innovative force behind top-tier password manager and VPN solutions, is taking a bold step by going non-profit.
Renowned for its commitment to open-source principles across its product suite, including Proton VPN and Proton Mail, Proton’s decision underscores its dedication to community-centric development. By adopting a Swiss non-profit framework, the company aims to safeguard its mission and protect against hostile takeovers, ensuring that its operations remain aligned with the interests of its users.
A Hybrid Approach to Sustainability
The core of Proton’s non-profit model is its strategic reliance on Proton AG, the for-profit entity, to continue operations. This unique setup places the non-profit foundation as the primary shareholder, thus shielding the company from external pressures while enabling the business to thrive.
In a letter detailing this new model, Proton founder Andy Yen emphasized the dual benefits of this structure. He highlighted that the for-profit entity can still offer stock options to attract top talent and has the flexibility to raise capital if necessary. “The foundation’s oversight ensures that the company’s actions remain true to Proton’s mission, aligning…
