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#vc

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⚯ Michel de Cryptadamus ⚯

@Nonilex for those looking to understand what kind of person Kyle Samani is:

universeodon.com/@cryptadamist

Universeodon Social Media⚯ Michel de Cryptadamus ⚯ (@cryptadamist@universeodon.com)Attached: 1 video Here's a somewhat infamous video of #KyleSamani from #MulticoinCapital explaining with a straight face that it's actually GOOD for society if most 18-25 year olds get scammed out of their life's savings¹ because it will teach them lessons about risk. Kyle Samani is buds with America's new "crypto czar" #DavidSacks - they're both investors in #Solana, the blockchain for #memecoins where the TRUMP and MELANIA memecoins were launched - and is now helping set American regulatory policy. ¹ by scammers like Kyle Samani #uspol #uspolitics #SEC #CFTC #finreg #libertarian #libertarians #memecoin #TrumpCoin #Trump #DonaldTrump
#crypto#cryptocurrency#MAGA
Koen Hufkens, PhD

This is why I don't make "community contributions" to "open platforms" which don't have some very solid legal framework for governance in place.

They sell out to VC and rug pull hard on the community that provides the bulk of their data and value.

bikepacking.com/plog/when-we-g

BIKEPACKING.com · When We Get KomootedFollowing the sale of Komoot to private equity, Josh Meissner explores the broken relationship between corporate capital and our communities...
#enshitification#rugpull#VC
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Aral Balkan

A little reminder that DuckDuckGo is venture capital (VC) funded.

The way VC works:

1. You get VC
2. You grow as fast as you can (or fail fast)
3. You sell (either to a larger corporation or to the public in an IPO; this is called the “exit”)

(In case any of you are surprised by recent/future developments.)

#DuckDuckGo#ventureCapital#VC
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Jonathan Kamens 86 47

I don't hang out on #Bluesky and I'm all in on the #Fediverse, but I have to admit that when I occasionally go over to Bluesky to see a thread that somebody has linked here or that was bridged here via #BridgyFed, I find that the comments on the thread tend to be quite good.
There's definitely an early-Twitter-before-it-turned-to-shit vibe to it.
Mind you, I don't think it will last, because everything backed by #VC eventually eventually enshittifies, but right now, it really is pretty good.

*
Aral Balkan

“We’re building services that improve the personal computing experience by understanding your unique context and taking action at your command. When you use our services, you’re trusting us to handle your personal data.”

sky.app/privacy

A VC-backed startup with Sam Altman as their lead investor* wants the keys to your Mac.

Yeah, no.

* crunchbase.com/funding_round/s

#AI #privacy #Sky #SamAltman #startup #VC #BigTech #surveillance #capitalism #mac mastodon.macstories.net/@vitic

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