Esther Payne :bisexual_flag:
boosted
@evan @Edent If you look through the lens of native/western histories — indigenous struggles vs colonial modernity — the same pattern plays out again and again: the native path is degraded, disrespected, overwritten. In tech, it’s no different. You see it when horizontal, trust-based networks get steamrolled by #NGO capture, institutional gatekeeping, or #VC-funded platforms that sell convenience and control.
https://hamishcampbell.com/a-guide-for-staying-honest-and-native/
Julien Deswaef :tw:
boosted
"Venture capitalists have a thing they like to say. "We don't invest in ideas. We invest in people." That's true in a couple of ways. Let's get the funny one out of the way: they don't invest in ideas. Check. They invest in people. Specifically, they invest in people who look like they do, because today's venture capitalist was yesterday's startup founder and vice versa. They might as well be saying "we're both investing in our younger selves, and reinvesting in the idea that we've earned our place by perpetuating the idea that the next wave of us will come from the same pool.""
— Mike Monteiro: Ruined by Design: How Designers Destroyed the World, and What We Can Do to Fix It, p. 110
"Venture capitalists have a thing they like to say. "We don't invest in ideas. We invest in people." That's true in a couple of ways. Let's get the funny one out of the way: they don't invest in ideas. Check. They invest in people. Specifically, they invest in people who look like they do, because today's venture capitalist was yesterday's startup founder and vice versa. They might as well be saying "we're both investing in our younger selves, and reinvesting in the idea that we've earned our place by perpetuating the idea that the next wave of us will come from the same pool.""
— Mike Monteiro: Ruined by Design: How Designers Destroyed the World, and What We Can Do to Fix It, p. 110
Wouter Tebbens ⁂
and 1 other
boosted
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.
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.
Jeremy ⁂
and 3 others
boosted
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.)
christina b
and 1 other
boosted
This is the Silicon Valley “startup” model. Startups are not long-term sustainable businesses or small businesses. A startup is a temporary business designed to either grow exponentially and exit (sell) or to fail fast.
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.)
This is the Silicon Valley “startup” model. Startups are not long-term sustainable businesses or small businesses. A startup is a temporary business designed to either grow exponentially and exit (sell) or to fail fast.
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.)
“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.”
A VC-backed startup with Sam Altman as their lead investor* wants the keys to your Mac.
Yeah, no.
* https://www.crunchbase.com/funding_round/software-applications-incorporated-seed--db0eafa1
#AI #privacy #Sky #SamAltman #startup #VC #BigTech #surveillance #capitalism #mac https://mastodon.macstories.net/@viticci/114586346228814327
Besides all the other issues with #Bluesky, did you know Israeli venture capitalists invest in that American company? That means that they partly own it. One of them is named Darkmode Ventures (https://www.darkmode.vc). Only the name is good. #VC #Israel