A comment on VC-funded companies with products in the fediverse:
My company, StatusNet, ran identi.ca for a long time on VC funding.
It's hard to get a 10x return in markets where open standards prevail. But it's fine to try.
There are other ways to fund services in the fediverse. https://cosocial.ca/ is a cooperative, for example.
If the fediverse remains diverse and competitive, and community, coop and family servers have a place, I'm not opposed to VC-backed companies participating.
My company, StatusNet, ran identi.ca for a long time on VC funding.
It's hard to get a 10x return in markets where open standards prevail. But it's fine to try.
There are other ways to fund services in the fediverse. https://cosocial.ca/ is a cooperative, for example.
If the fediverse remains diverse and competitive, and community, coop and family servers have a place, I'm not opposed to VC-backed companies participating.
This entry was edited (1 year ago)
Chris Trottier
•Despite this, people get pissed off when the reality is stated bluntly.
Many people get upset when I tell them that Mastodon and community admins require a way to fund their ventures. But people need to feed their families.
Evan Prodromou
•Stu
•Jons Mostovojs
•Jons Mostovojs
•Evan Prodromou
•Evan Prodromou
•Your freedom to decide who you want to associate with on this network is fundamental.
Evan Prodromou
•Matt "msw" Wilson
•McNeely
•Evan Prodromou
•Evan Prodromou
•Jan
•clacke: exhausted pixie dream boy πΈπͺππ°ππ
•Did you do any of that or did you rely on shared understanding and the integrity of the investors?
Evan Prodromou
•McNeely
•This was all in the early 2010s right? I'm sure the environment has changed a lot since when too.
Evan Prodromou
•McNeely
•BlueWinds
•This isn't entitlement, it's observation, based on the companies I've worked for and with. As soon as VC gets involved, growth and return on investment become the only things you can talk about.
I'll not welcome it into a space I came to specifically in an attempt to flee the corrosive effects of corporate greed.
Emelia πΈπ»
•Build in the tools to the platform so we can avoid the need for VC.
Keith
•Stefan Monnier
•We can't hope to reach the convenience of something that someone else maintains (i.e. "register and then use blissfully unaware for the next 20 years"), but we need to aim to get as close as possible.
Currently we have tolerable answers for "setup your own instance", but we need to deal with hardware failures, DoS attacks, regular upgrades, moving on to a new software when the old one is discontinued, managing quotas, new registrations, payment, ...
FreedomBox is a good step in that direction, but it still mostly focuses on setup and upgrades, with no good answers for how to deal with the nastier parts: it's easy to find some free time to get started, but you don't get to choose when hardware fails and your users will get angry quickly if doesn't get fixed *very* soon.
Evan Prodromou
•Bob Wyman
•In the real world, a risk-adjusted ROI as low as 10% or 15% is actually quite attractive.