this post was submitted on 01 May 2025
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Mastodon

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Decentralised and open source social network.

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founded 5 years ago
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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 6 days ago by yogthos@lemmy.ml to c/mastodon@lemmy.ml
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[–] b34n5@hexbear.net 2 points 1 day ago

That sounds good.

[–] mpblack@lemmy.ml 2 points 3 days 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.

[–] harsh3466@lemmy.ml 8 points 6 days ago

Thank god. Fuck vc money.

[–] decapitae@sh.itjust.works 8 points 6 days ago

That seems the only ethical move left. 🤔

[–] PotatoesFall@discuss.tchncs.de 3 points 6 days ago (1 children)

what kind of VC would invest in Mastodon anyway?

[–] underscores@lemmy.dbzer0.com 2 points 6 days ago

You can make anything terrible with enough money.