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☆ Yσɠƚԋσʂ ☆@lemmy.ml to Mastodon@lemmy.mlEnglish · 8 days ago

Mastodon has taken the strategic decision not to accept venture capital investments for growth, but rather restructure to a European non-profit organization

blog.joinmastodon.org

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Mastodon has taken the strategic decision not to accept venture capital investments for growth, but rather restructure to a European non-profit organization

blog.joinmastodon.org

☆ Yσɠƚԋσʂ ☆@lemmy.ml to Mastodon@lemmy.mlEnglish · 8 days ago
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Evolving the Team
blog.joinmastodon.org
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An update on Mastodon’s core team and organisation.
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  • b34n5 [comrade/them, he/him]@hexbear.net
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    3 days ago

    That sounds good.

  • mpblack@lemmy.ml
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    4 days ago

    This is promising. But I assume this means Mastodon has a long, hard road ahead. Raising money as a non-profit can be tricky and slow compared with tech VC money. I’m hopeful they’ll find ways to get get large, long-term funding that can support their continued evolution.

  • decapitae@sh.itjust.works
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    8 days ago

    That seems the only ethical move left. 🤔

  • harsh3466@lemmy.ml
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    8 days ago

    Thank god. Fuck vc money.

  • PotatoesFall@discuss.tchncs.de
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    8 days ago

    what kind of VC would invest in Mastodon anyway?

    • underscores@lemmy.dbzer0.com
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      7 days ago

      You can make anything terrible with enough money.

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