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@r000t @Gargron you invite money, you relinquish control. the money stops the moment you don't fall in line even with crowdfunding

@Gargron Having taken VC money for a startup, I want to confirm for others everything you've said. They promise big returns to their investors, but most startups fail, so they need the successful ones to make gobs of cash. Modest successes get pushed to take big risks until they get rich or die trying. And if they do win big, they'll be pushed to extract ever more cash, causing enshittification. That's the VC game, and Mastodon is smart not to play it.

Venture Capitalism "...gives VCs more leverage later. " 

by Simon 🥧 man 🥥🌴 🇺🇸 @enmodo

Post: mastodon.social/@enmodo/113366

"...I worked at a VC funded startup and they let it go for two years with no interest in us making revenue. I was told by the founder this was common and gives VCs more leverage later. If you've created something good then you'll need more money to stay in business and they get more equity for continued funding because you're desperate. And if you're mediocre you're never going to be a great exit so they cut their losses and move on."

Vampire Empire
Venture Capitalism
Vulture Capitalism
State Capitalism

(State being the head Vulture + banks cheating everyone else..,

? 🧛 💉 🩸
💰 🤑 💰
🦃 👸 💎

the Vanilla flavour with STATE AND BANKS 🏦
Robbing people of their labour and future

Vulture Capitalism...
"...gives VCs more leverage later. "

Venture Capitalism "...gives VCs more leverage later. " 

by Simon 🥧 man 🥥🌴 🇺🇸 @enmodo

Post: mastodon.social/@enmodo/113366

"...I worked at a VC funded startup and they let it go for two years with no interest in us making revenue. I was told by the founder this was common and gives VCs more leverage later. If you've created something good then you'll need more money to stay in business and they get more equity for continued funding because you're desperate. And if you're mediocre you're never going to be a great exit so they cut their losses and move on."

Vampire Empire
Venture Capitalism
Vulture Capitalism
State Capitalism

(State being the head Vulture + banks cheating everyone else..,

? 🧛 💉 🩸
💰 🤑 💰
🦃 👸 💎

the Vanilla flavour with STATE AND BANKS 🏦
Robbing people of their labour and future

Vulture Capitalism...
"...gives VCs more leverage later. "

@conniptions @Gargron VC is either Vulture Capital, or if you're an old Goldman-Sachs fan, Vampire Capital.

@wysteriary @Gargron Nah. The VC funding is exactly why I use #XMPP instead of #Matrix and #Mastodon instead of #Bluesky. We don't need VC funded startups to reinvent basic internet standards and trying to displace standards with their custom and incompatible protocols.

The #exittocommunity of @opencollective to a user-governed nonprofit is big news for those of us who rely on it, including #Socialcoop members.

One test of whether the US really wants a ceasefire is whether it shoots down projectiles from all sides.

"...hinting seems to me, often, to just be a way to get people to do things without actually taking responsibility for having told them to 🤷‍♀️"

- Katy Elphinstone @KatyElphinstone

Post: mas.to/@KatyElphinstone/113443

Lack of sleep is the root of many problems 🛌 💤 ... 

Lots of further domino effects happen relative to sleep you've had...

When tired it is natural to:
- over-feed
- see and hear things while asleep
- react differently
- skip things you shouldn't

Overall lack of sleep is related to a domino of extra effects... over-consumption included.

to etc

Lack of sleep is the root of many problems 🛌 💤 ... 

Lots of further domino effects happen relative to sleep you've had...

When tired it is natural to:
- over-feed
- see and hear things while asleep
- react differently
- skip things you shouldn't

Overall lack of sleep is related to a domino of extra effects... over-consumption included.

to etc

YOU AREN'T MIDDLE CLASS
YOU ARE WORKING CLASS

the billionaire, oligarchic class has so gamed and skewed valuations of wealth in this country, unless you have assets that can be liquidated in the MILLIONS, you are NOT the middle class anymore.

doesn't matter if you are making +100K. between student debt, credit cards, many of y’all are one health care crisis away from an eviction and homelessness.

YOU ARE NOT MIDDLE CLASS

MILLIONAIRES ARE THE MIDDLE CLASS

🧵

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(November 1, 2024)

...are going to force the company to come up with a new strategy to preserve their marketshare.

1/ They'll no longer be able to bribe companies to make them the default $earch option,

and

2/ will no longer be able to collect the 30% tax from app in the Google Play store.

inv.nadeko.net/watch?v=68R3kwp

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