Skip to content
  • Categories
  • Recent
  • Tags
  • Popular
  • World
  • Users
  • Groups
Skins
  • Light
  • Brite
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (Cyborg)
  • No Skin
Collapse
Brand Logo

CIRCLE WITH A DOT

  1. Home
  2. Uncategorized
  3. Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year?

Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year?

Scheduled Pinned Locked Moved Uncategorized
bluesky
97 Posts 50 Posters 0 Views
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • _elena@mastodon.social_ _elena@mastodon.social

    Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).

    But something is fishy.

    Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/

    Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?

    Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.

    Link Preview Image
    benjamineskola@hachyderm.ioB This user is from outside of this forum
    benjamineskola@hachyderm.ioB This user is from outside of this forum
    benjamineskola@hachyderm.io
    wrote last edited by
    #52

    @_elena Yeah, I don't believe this for one minute.

    Considering what a big deal it is for most companies to successfully raise VC money, they want us to believe that it wasn't important enough to make time to announce it? Any other company would drop everything to shout it from the rooftops.

    And a funding round is a significant amount of work already, so are we supposed to believe that after all that work they had to put into it, they didn't schedule time to even do the tiniest announcement about it?

    And like, I would have guessed that the VC firm itself also has PR people whose job it would be to help out with that, and they were still too busy? No.

    1 Reply Last reply
    0
    • stefan@stefanbohacek.onlineS stefan@stefanbohacek.online

      @mariusor

      Right, I didn't say all of it, so I don't disagree. But we can definitely fix all the major issues people have with the fediverse in some way.

      @_elena @benroyce @mat

      javascript@app.wafrn.netJ This user is from outside of this forum
      javascript@app.wafrn.netJ This user is from outside of this forum
      javascript@app.wafrn.net
      wrote last edited by
      #53

      yeah actually the concept of DID as decentralized identifiers can have its equivalent in the Portable Objects Proposal described here: https://codeberg.org/fediverse/fep/src/branch/main/fep/ef61/fep-ef61.md

      This is just more complex to do in an ecosystem like the fediverse where implementations are (and have been for a long time) less standarized

      mariusor@metalhead.clubM 1 Reply Last reply
      0
      • ainmosni@social.ainmosni.euA ainmosni@social.ainmosni.eu

        @_elena @patpro Indeed, but do we need a European SlopHub if @Codeberg already exists?

        otfrom@functional.cafeO This user is from outside of this forum
        otfrom@functional.cafeO This user is from outside of this forum
        otfrom@functional.cafe
        wrote last edited by
        #54

        @ainmosni @_elena @patpro @Codeberg we do need something like 50 to 500 codebergs

        1 Reply Last reply
        0
        • benroyce@mastodon.socialB benroyce@mastodon.social

          @mariusor @stefan @_elena @mat

          mastodon was playing around with DIDs at some point

          you can find references to it in the documentation (deprecated now for a long time)

          example:

          Link Preview Image
          IdentityProof - Mastodon documentation

          Represents a proof from an external identity provider.

          favicon

          (docs.joinmastodon.org)

          not sure why they abandoned it

          maybe because DID just isn't there yet

          mariusor@metalhead.clubM This user is from outside of this forum
          mariusor@metalhead.clubM This user is from outside of this forum
          mariusor@metalhead.club
          wrote last edited by
          #55

          @benroyce I wasn't speaking of Mastodon because they barely do any effort into being a spec compliant ActivityPub service...

          @stefan @_elena @mat

          benroyce@mastodon.socialB 1 Reply Last reply
          0
          • mariusor@metalhead.clubM mariusor@metalhead.club

            @benroyce I wasn't speaking of Mastodon because they barely do any effort into being a spec compliant ActivityPub service...

            @stefan @_elena @mat

            benroyce@mastodon.socialB This user is from outside of this forum
            benroyce@mastodon.socialB This user is from outside of this forum
            benroyce@mastodon.social
            wrote last edited by
            #56

            @mariusor @stefan @_elena @mat

            not in an effort to start a fight but just divulging my honest views on the topic:

            so fucking what

            just build shit

            the spec can follow behind later

            waiting for perfect spec structuring before doing anything is an exercise in inertia

            mariusor@metalhead.clubM 1 Reply Last reply
            0
            • _elena@mastodon.social_ _elena@mastodon.social

              Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).

              But something is fishy.

              Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/

              Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?

              Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.

              Link Preview Image
              A This user is from outside of this forum
              A This user is from outside of this forum
              amoshias@esq.social
              wrote last edited by
              #57

              @_elena oh, Mike. oh, oh, oh, Mike.

              I like the guy and appreciate what he does but just...

              this isn't a thing.

              does he think all the other companies are just sitting around eating bonbons, and this one specific company is busy?

              1 Reply Last reply
              0
              • javascript@app.wafrn.netJ javascript@app.wafrn.net

                yeah actually the concept of DID as decentralized identifiers can have its equivalent in the Portable Objects Proposal described here: https://codeberg.org/fediverse/fep/src/branch/main/fep/ef61/fep-ef61.md

                This is just more complex to do in an ecosystem like the fediverse where implementations are (and have been for a long time) less standarized

                mariusor@metalhead.clubM This user is from outside of this forum
                mariusor@metalhead.clubM This user is from outside of this forum
                mariusor@metalhead.club
                wrote last edited by
                #58

                @javascript I thought I was pretty clear in my initial statement: if DIDs are used as primary identifiers for objects, the resulting specification is no longer ActivityPub.

                Unless the SocialCG comes up with ActivityPub 2.0 that has DID as identifiers, I wouldn't call the implementations that use that FEP as ActivityPub compliant.

                @_elena @benroyce @stefan @mat

                1 Reply Last reply
                0
                • _elena@mastodon.social_ _elena@mastodon.social

                  @benroyce @mat tangentially related but I'm beginning to think that maybe the whole point of the ATmosphere being open is to find a way to capture billions of data points for profiling / monetization purposes? I know everything is public here too, but the language of their press release gave me the creeps.

                  I may start referring to them as Blue$ky and the ATmo$phere.

                  I mean what's the draw otherwise for VCs and crypto bros?

                  jaypeach53@mastodon.socialJ This user is from outside of this forum
                  jaypeach53@mastodon.socialJ This user is from outside of this forum
                  jaypeach53@mastodon.social
                  wrote last edited by
                  #59

                  @mat @_elena @benroyce B$ky is BullShit.

                  1 Reply Last reply
                  0
                  • benroyce@mastodon.socialB benroyce@mastodon.social

                    @mariusor @stefan @_elena @mat

                    not in an effort to start a fight but just divulging my honest views on the topic:

                    so fucking what

                    just build shit

                    the spec can follow behind later

                    waiting for perfect spec structuring before doing anything is an exercise in inertia

                    mariusor@metalhead.clubM This user is from outside of this forum
                    mariusor@metalhead.clubM This user is from outside of this forum
                    mariusor@metalhead.club
                    wrote last edited by
                    #60

                    @benroyce maybe you want to look through my post history before giving me advice to build shit. I'm not speaking from a point of ignorance.

                    The reason why some of us are trying to stick to the specification is to maximize compatibility between implementations. Each project adding their little flavour of functionality before even bothering to have a solid common foundation is detrimental to the health of the ecosystem as a whole.

                    @stefan @_elena @mat

                    benroyce@mastodon.socialB 1 Reply Last reply
                    0
                    • markmetz@sfba.socialM markmetz@sfba.social

                      @_elena
                      Thanks for highlighting this.
                      Bsky smells of narrative capture to me, much like Substack, (who are now teaming up with prediction markets)

                      bazkie@beige.partyB This user is from outside of this forum
                      bazkie@beige.partyB This user is from outside of this forum
                      bazkie@beige.party
                      wrote last edited by
                      #61

                      @markmetz @_elena what's narrative capture?

                      1 Reply Last reply
                      0
                      • mariusor@metalhead.clubM mariusor@metalhead.club

                        @benroyce maybe you want to look through my post history before giving me advice to build shit. I'm not speaking from a point of ignorance.

                        The reason why some of us are trying to stick to the specification is to maximize compatibility between implementations. Each project adding their little flavour of functionality before even bothering to have a solid common foundation is detrimental to the health of the ecosystem as a whole.

                        @stefan @_elena @mat

                        benroyce@mastodon.socialB This user is from outside of this forum
                        benroyce@mastodon.socialB This user is from outside of this forum
                        benroyce@mastodon.social
                        wrote last edited by
                        #62

                        @mariusor @stefan @_elena @mat

                        i don't give a shit about your post history. i have no doubt you're quite knowledgeable and i don't think you're ignorant at all

                        but i think "stick to the spec" is purposeful impotence

                        just build shit and fuck the spec. the spec can follow along later, and if a feature is useful and popular, other projects can copy it

                        nevermind that demanding spec authority in a decentralized system is a fool's errand

                        just do whatever the fuck you want, fuck specs

                        1 Reply Last reply
                        0
                        • _elena@mastodon.social_ _elena@mastodon.social

                          @benroyce @mat tangentially related but I'm beginning to think that maybe the whole point of the ATmosphere being open is to find a way to capture billions of data points for profiling / monetization purposes? I know everything is public here too, but the language of their press release gave me the creeps.

                          I may start referring to them as Blue$ky and the ATmo$phere.

                          I mean what's the draw otherwise for VCs and crypto bros?

                          wjmaggos@liberal.cityW This user is from outside of this forum
                          wjmaggos@liberal.cityW This user is from outside of this forum
                          wjmaggos@liberal.city
                          wrote last edited by
                          #63

                          @_elena @benroyce @mat

                          imo we should think of social media (the social news feed ala bluesky and mastodon etc) as totally public like blogs you can boost. that's different than messaging and groups that need privacy, what I call social networking.

                          I think bluesky's goal is to be the Google/Gmail of all of social media. "it's open so you could use other services but we make it easy and provide a better experience." the way the app view works makes that possible unlike how AP works. enshittify.

                          mat@zelk.spaceM 1 Reply Last reply
                          0
                          • tedmielczarek@mastodon.socialT tedmielczarek@mastodon.social

                            @_elena all the startups I've worked for have blasted out press releases the moment their funding rounds closed. Part of being a startup means constantly vying for attention. This explanation does not hold up.

                            abucci@buc.ciA This user is from outside of this forum
                            abucci@buc.ciA This user is from outside of this forum
                            abucci@buc.ci
                            wrote last edited by
                            #64
                            @tedmielczarek@mastodon.social @_elena@mastodon.social I have had the same experience. I co-founded a startup in 2016 that managed to secure a funding round, and the VCs themselves were giddy about announcing it as widely as possible. I've consulted for startups both before and after that, and as far as I'm aware every one of them that secured funding rapidly announced it. This explanation from Bluesky does not pass a basic smell test.
                            1 Reply Last reply
                            0
                            • tedmielczarek@mastodon.socialT tedmielczarek@mastodon.social

                              @_elena all the startups I've worked for have blasted out press releases the moment their funding rounds closed. Part of being a startup means constantly vying for attention. This explanation does not hold up.

                              hipsterelectron@circumstances.runH This user is from outside of this forum
                              hipsterelectron@circumstances.runH This user is from outside of this forum
                              hipsterelectron@circumstances.run
                              wrote last edited by
                              #65

                              @tedmielczarek @_elena series B is one of the stages that represents a categorical step up in financing and control structures. series G like sure at that point people tend to stop counting but B is still a champagne event

                              1 Reply Last reply
                              0
                              • benroyce@mastodon.socialB benroyce@mastodon.social

                                @nickapos @_elena

                                yeah but there's a difference between someone screenscraping your posts somewhere

                                and a financially motivated effort by seedy cryptobros *on the inside* linking all sorts of private data

                                - using your email and birthdate to link to other plutocrat data silos

                                - ingesting your private messages

                                - profiling your posting behavior

                                - feeding it all to AI

                                etc

                                nickapos@mastodon.oncrete.ukN This user is from outside of this forum
                                nickapos@mastodon.oncrete.ukN This user is from outside of this forum
                                nickapos@mastodon.oncrete.uk
                                wrote last edited by
                                #66

                                @benroyce @_elena Yeah i completely agree

                                1 Reply Last reply
                                0
                                • _elena@mastodon.social_ _elena@mastodon.social

                                  Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).

                                  But something is fishy.

                                  Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/

                                  Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?

                                  Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.

                                  Link Preview Image
                                  cairobraga@gts.cairobraga.comC This user is from outside of this forum
                                  cairobraga@gts.cairobraga.comC This user is from outside of this forum
                                  cairobraga@gts.cairobraga.com
                                  wrote last edited by
                                  #67

                                  @_elena (can you link the post, please? I'd love to see how people are reacting to this "dog ate my homework"-ass excuse, lol)

                                  1 Reply Last reply
                                  0
                                  • _elena@mastodon.social_ _elena@mastodon.social

                                    Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).

                                    But something is fishy.

                                    Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/

                                    Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?

                                    Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.

                                    Link Preview Image
                                    craig_patrick@mastodon.socialC This user is from outside of this forum
                                    craig_patrick@mastodon.socialC This user is from outside of this forum
                                    craig_patrick@mastodon.social
                                    wrote last edited by
                                    #68

                                    @_elena @Jerry Curious if there’s a plan to monetize #Bluesky you are aware of? Two points to accent your post:

                                    - criticism on #Mastodon initially feels like smearing a rival platform first, investigative reporting second. (Feel free to push back on that, it’s just the vibe I get when I read these articles)

                                    - bureaucracy is an issue with brand communication. This MAY be what Bluesky is encountering because the United States needs to have a serious conversation about the illusion of brand

                                    jerry@hear-me.socialJ 1 Reply Last reply
                                    0
                                    • _elena@mastodon.social_ _elena@mastodon.social

                                      @mat sure but it's the language they used that creeped me out - it's like they are using this as a selling point for VCs to say: here, collect all these data

                                      ulrikehahn@fediscience.orgU This user is from outside of this forum
                                      ulrikehahn@fediscience.orgU This user is from outside of this forum
                                      ulrikehahn@fediscience.org
                                      wrote last edited by
                                      #69

                                      @_elena @mat reminder, the Bluesky team explicitly mentioned commercial use of their data in their 2024 arXiv preprint:

                                      “…as Bluesky grows, there are likely to be multiple professionally-run indexers for various purposes. For example, a company that performs sentiment analysis on social media activity about brands could easily create a whole-network index that provides insights to their clients. Web search engines can incorporate Bluesky activity into their indexes,…” pg. 5

                                      it’s been part of the model from the start…

                                      https://arxiv.org/pdf/2402.03239

                                      mat@zelk.spaceM 1 Reply Last reply
                                      0
                                      • _elena@mastodon.social_ _elena@mastodon.social

                                        Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).

                                        But something is fishy.

                                        Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/

                                        Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?

                                        Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.

                                        Link Preview Image
                                        katzenberger@tldr.nettime.orgK This user is from outside of this forum
                                        katzenberger@tldr.nettime.orgK This user is from outside of this forum
                                        katzenberger@tldr.nettime.org
                                        wrote last edited by
                                        #70

                                        @_elena

                                        Does not add up.

                                        Did they secure a $100 million funding en passant, while being otherwise "crazy busy and overwhelmed" by their development work?

                                        And if they were instead crazy busy and overwhelmed precisely because of trying to secure that funding, what kept them from taking the final step of a press release?

                                        That's not even fishy. It's an insult.

                                        1 Reply Last reply
                                        0
                                        • _elena@mastodon.social_ _elena@mastodon.social

                                          Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.

                                          And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."

                                          Link Preview Image
                                          Bluesky's 2025 $100M Series B Lays Foundation for Open Social Web - Bluesky

                                          In April 2025, Bluesky raised $100 million in Series B funding led by Bain Capital Crypto. Since our Series A, we've grown from 13 million to over 43 million global users.

                                          favicon

                                          Bluesky (bsky.social)

                                          How I read it: data harvesting at its finest 💁‍♀️

                                          #Bluesky

                                          greenwhale@dice.campG This user is from outside of this forum
                                          greenwhale@dice.campG This user is from outside of this forum
                                          greenwhale@dice.camp
                                          wrote last edited by
                                          #71

                                          @_elena we could ask our founder and CEO John Mastodon about it, for sure. 😁

                                          1 Reply Last reply
                                          0
                                          Reply
                                          • Reply as topic
                                          Log in to reply
                                          • Oldest to Newest
                                          • Newest to Oldest
                                          • Most Votes


                                          • Login

                                          • Login or register to search.
                                          • First post
                                            Last post
                                          0
                                          • Categories
                                          • Recent
                                          • Tags
                                          • Popular
                                          • World
                                          • Users
                                          • Groups