Eugen RochkoOct 25, 2024
Mastodon is financed by crowdfunding instead of venture capital not because we don't know that venture capital exists, not because we don't have bills to pay, and not because venture capital isn't willing to give money to new social media platforms. VCs don't want a sustainable business, they want a big exit. Every VC-backed business is on a timer to deliver or die.
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@Gargron
That's another good reason to stay crowdfunded and don't raise VC:
https://social.growyourown.services/@FediTips/113364985280012085
by @FediTips
Fedi.Tips (@[email protected])

This is why I have been trying to warn about #BlueSky. BlueSky has just been partially bought by a cryptocurrency company "Blockchain Capital" and appointed a blockchain / cryptocurrency expert to their board: https://bsky.social/about/blog/10-24-2024-series-a The board member is a bitcoin researcher involved with NFT analytics. BlueSky describe the tie-up with Blockchain Capital as a "natural partnership" and says the blockchain company has "a uniquely deep understanding of our decentralized foundation". (via @[email protected])

social.growyourown.services
Oct 25, 2024 at 7:16amWeb