this post was submitted on 02 May 2025
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Mastodon

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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)
submitted 3 weeks ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 35 points 3 weeks ago (1 children)

A great move made with reason. Not that common these days!

[โ€“] [email protected] 2 points 3 weeks ago

The common thing to do is start non-profit, then spawn for-profit subsidiaries