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Mastodon is financed by crowdfunding instead of venture capital not because we don't know that venture capital exists, not because we don't have bills to pay, and not because venture capital isn't willing to give money to new social media platforms. VCs don't want a sustainable business, they want a big exit. Every VC-backed business is on a timer to deliver or die.
@gargron I really don't get how social networks can be a business case. Paying users that cover server costs and admin wages, sure. But beyond that, I don't see how one would make any profit from it, let alone VC level money (10% roi or more)
it’s social infrastructure like telephone lines, railroads and stations, health regulations, medical studies, disaster alerts, and farming subsidies.
Feels like it needs a baseline investment (in line with any increasing costs) to maintain agreed minimum wellbeing, directly and indirectly.
Like an unconditional baseline investment!
UBI should be a good initialism.
