did any of you look into who these VCs are who just allowed half a million dollars of their money to flow into the fediverse?

[liaizon@social.wake.st]

did any of you look into who these VCs are who just allowed half a million dollars of their money to flow into the fediverse? surprised I haven't seen anyone talking about this yet.

[kyva@meetiko.org]

@liaizon@social.wake.st what?? They do that?

[liaizon@social.wake.st]

@kyva Pace Capital just invested 6 million in AltStore and then AltStore "donated" .5 mil of that to the fediverse

[liaizon@social.wake.st]

@kyva https://mastodon.social/@rileytestut/115333247692356677 has more info and link to the blogpost

[liaizon@social.wake.st]

So $500,000 from Pace Capital goes to:
Mastodon (in the announcement is says they get $300,000 of it) so that leaves $200,000 split between:
Ivory
Tapestry
mstdn.social
A New Social
PeerTube
BookWyrm
Akkoma
Fedify

Which is $25,000 each if it's devided evenly

[gargron@mastodon.social]

@liaizon @kyva I'm not sure why donated is in quotes.

[liaizon@social.wake.st]

@Gargron @kyva is the whole of the 300k that mastodon gets 100% a donation? Like the hosting and customization of their instance is being payed for seperately?

[liaizon@social.wake.st]

@Gargron @kyva donated is in quotes because VCs don't usually give away money out of the goodness of their hearts. I am happy to see mastodon get money, and I think AltStore and the announcement are awesome. But VC money is VC money regardless so it's important to uncover exactly what's going on here

[liaizon@social.wake.st]

Ah interesting so @fedify made an announcement post https://hollo.social/@fedify/0199c1dd-6516-76b0-b9cc-de19aaff8d3b

And they are getting $500 a month donated to their open collective. Gotta love the transparency here