Eugen Rochko on Nostr: Mastodon is financed by crowdfunding instead of venture capital not because we don't ...
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.
Published at
2024-10-25 00:51:33Event JSON
{
"id": "786cdbb4611f98cce70f93f622985a3f364ea57ac79bbb7ff965d5796e59c1b1",
"pubkey": "67451d740975fdce8fce70307ca0e93eac885ce3f1d1fcfb378366ef9705381c",
"created_at": 1729817493,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.social/users/Gargron/statuses/113365319263963755",
"activitypub"
]
],
"content": "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.",
"sig": "58b19304b19f966893056ff7eca6fcbe97a28346f436e5ad87bb7cc47090d575dab1e9092f028aab6cb4aeea4a65f54e184edc6b9cb9480baa450b719000e270"
}