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   Aral Balkan (aral@mastodon.ar.al)'s status on Saturday, 20-Jan-2024 09:52:32 JST Aral Balkan

   Ello, Goodbye.

   https://ar.al/notes/ello-goodbye/

   (That feeling when you don’t have to write something about it today because you already said everything that needed to be said ten years ago.)

   #ello #goodbye #vc #ventureCapital #startups

   • Embed this notice
     Aral Balkan (aral@mastodon.ar.al)'s status on Saturday, 20-Jan-2024 10:04:33 JST Aral Balkan

     in reply to

     “Venture capital is private subsidy that keeps the startup alive long enough until enough people have joined their platform. At this point, it’s too late. By being part of the platform we have created its value. This is the value that is sold in an exit. The only way to resist this system is to not build that value in the first place.”

     https://ar.al/notes/ello-goodbye/

     #vc #ventureCapital #startups #BigTech #ello

   • Embed this notice
     rooftopjaxx (rooftopjaxx@kolektiva.social)'s status on Saturday, 20-Jan-2024 17:35:35 JST rooftopjaxx

     in reply to

     @aral do you remember how Paul Mason used to gush about Ello (as the FB killer)?

   • Embed this notice
     Aral Balkan (aral@mastodon.ar.al)'s status on Saturday, 20-Jan-2024 17:35:35 JST Aral Balkan

     in reply to

     • rooftopjaxx

     @rooftopjaxx Yeah, I wasted some time trying to advise them before I learned they’d taken VC. When I wrote the linked piece, he accused me of destroying their “adoption curve” or some such. Which, if you read the piece, was exactly what it was intended to do.

     🤷♂️