Mastodon

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Decentralised and open source social network.

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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 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 1 week ago

That seems the only ethical move left. 🤔

[–] [email protected] 7 points 1 week ago

Thank god. Fuck vc money.

[–] [email protected] 3 points 1 week ago (1 children)

what kind of VC would invest in Mastodon anyway?

[–] [email protected] 2 points 1 week ago

You can make anything terrible with enough money.

[–] [email protected] 1 points 1 week 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.