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

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 2 months ago

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

decapitae@sh.itjust.works · 2 months ago

That seems the only ethical move left. 🤔

harsh3466@lemmy.ml · 2 months ago

Thank god. Fuck vc money.

PotatoesFall@discuss.tchncs.de · 2 months ago

what kind of VC would invest in Mastodon anyway?

underscores@lemmy.dbzer0.com · 2 months ago

You can make anything terrible with enough money.

mpblack@lemmy.ml · 2 months 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.

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

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

Evolving the Team