Dan GillmorBlueSky wants you to trust them, but they raised $100 million from a crypto fund almost a YEAR AGO and didn't tell anyone.
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/
Femme Malheureuse@dangillmor What's frustrating is that all the signs were there *long before* this slip.
Bluesky isn't a nonprofit, it's a PBC — a public benefit corporation — and the intended benefits to the public aren't wholly transparent.
It had at least two rounds of financing between Feb 2023 and Nov 2024 from venture capital firms. This was financing, not donations or contributions — it must be returned with interest or ownership, and it's not been clear which.
And now Masnick is compromised by this.