Just a reminder that 0% of fediverse admins took on debt to support their communities.
https://stefanbohacek.online/@stefan/112399842395585906
#fediverse #SocialMedia #sustainability #bluesky #VentureCapital
Just a reminder that 0% of fediverse admins took on debt to support their communities.
https://stefanbohacek.online/@stefan/112399842395585906
#fediverse #SocialMedia #sustainability #bluesky #VentureCapital
@Pieisawesome@lemmy.world Yes, true, fair enough.
Still, looking from afar, as a non-entrepreneur, seeing startups raising funds only to enshittify and/or fold as they attempt to pay them back, with interests, I don’t know if the difference is meaningful enough.
You also have to look at who they raised from.
There are specific VC firms that focus on sustainable, long term growth over chasing massive profits for short term gains.
I haven’t checked who blue sky raised from, but not every VC is the same
@Pieisawesome@lemmy.world Well, –
“Bluesky also raised $15 million in a funding round led by the crypto investor Blockchain Capital, but says it does not plan to use blockchains, crypotcurrency, or “hyperfinancialize the social experience” with tokens, crypto trading, or NFTs.”
https://www.theverge.com/2024/10/24/24278666/bluesky-working-on-premium-subscription
We’ll see!