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Screenshot of Financial Times article with headline: "Twitter rival Mastodon rejects funding to protect non-profit status" and first paragraph: "Twitter rival Mastodon has rejected more than five investment offers from Silicon Valley venture capital firms in recent months, as its founder pledged to protect the fast-growing social media platform’s non-profit status."

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Screenshot of Financial Times article with headline: "Twitter rival Mastodon rejects funding to protect non-profit status" and first paragraph: "Twitter rival Mastodon has rejected more than five investment offers from Silicon Valley venture capital firms in recent months, as its founder pledged to protect the fast-growing social media platform’s non-profit status."
https://media.mstdn.social/media_attachments/files/110/268/229/051/055/894/original/ca6ab4207553b0ae.png

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FediTips has moved! (feditips@mstdn.social)'s status on Thursday, 27-Apr-2023 10:46:45 JST FediTips has moved!
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p.s. Today I've had several people telling me that VCs would never make an offer for Mastodon gGmbH. But according to Eugen, "more than five" offers have already been made.
Here's what Eugen said in an interview with the Financial Times in December 2022:
"Rochko told the FT he had received offers from more than five US-based (venture capital) investors to invest 'hundreds of thousands of dollars' in backing the product, following its fast growth."
https://www.ft.com/content/de808736-2e05-4c3b-a53c-55b170ae9efd (paywalled)

In conversation Thursday, 27-Apr-2023 10:46:45 JST from gnusocial.jp permalink