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 8 months ago by yogthos@lemmy.ml to c/mastodon@lemmy.ml

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[-] decapitae@sh.itjust.works 8 points 8 months ago

That seems the only ethical move left. 🤔

[-] harsh3466@lemmy.ml 7 points 8 months ago

Thank god. Fuck vc money.

[-] PotatoesFall@discuss.tchncs.de 2 points 8 months ago

what kind of VC would invest in Mastodon anyway?

[-] underscores@lemmy.dbzer0.com 2 points 8 months ago

You can make anything terrible with enough money.

[-] mpblack@lemmy.ml 1 points 8 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.

this post was submitted on 01 May 2025

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