coin on Nostr: He isn't wrong. Bluesky got funding from VC recently and I know for sure they'd want ...

He isn't wrong. Bluesky got funding from VC recently and I know for sure they'd want their investment fulfilled to the fullest. How it's going to manifest as a so called federated project? I don't know.

quoting nevent1q…xgep

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.