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CIRCLE WITH A DOT

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  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?

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bluesky
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  • 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
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    • 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
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      • _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)

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        • _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
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          • _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
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            • _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
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              • _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
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                • ulrikehahn@fediscience.orgU ulrikehahn@fediscience.org

                  @_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 This user is from outside of this forum
                  mat@zelk.spaceM This user is from outside of this forum
                  mat@zelk.space
                  wrote last edited by
                  #72

                  @UlrikeHahn @_elena how is it different from the fediverse? as long as there's a firehose, anyone can crawl mastodon.social or any other instance and do the same

                  ulrikehahn@fediscience.orgU 1 Reply Last reply
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                  • mat@zelk.spaceM mat@zelk.space

                    @UlrikeHahn @_elena how is it different from the fediverse? as long as there's a firehose, anyone can crawl mastodon.social or any other instance and do the same

                    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
                    #73

                    @mat @_elena

                    it seems both legally different to me and different in design:

                    Link Preview Image
                    Bridging to Bluesky: The open social web, consent, and GDPR

                    There’s been intense discussion across the fediverse, GitHub, blogs, and articles about a bridge that would let you use a Mastodon accou...

                    favicon

                    UlrikeHahn (write.as)

                    mat@zelk.spaceM 1 Reply Last reply
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                    • wjmaggos@liberal.cityW wjmaggos@liberal.city

                      @_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 This user is from outside of this forum
                      mat@zelk.spaceM This user is from outside of this forum
                      mat@zelk.space
                      wrote last edited by
                      #74

                      @wjmaggos I agree with you, even if permissive data is coming this year. for the appview part, anyone can build his own and pick the data they want from the pds. there's also dozens of different alternatives already, which limits enchittification

                      @_elena @benroyce

                      benroyce@mastodon.socialB wjmaggos@liberal.cityW 2 Replies Last reply
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                      • _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
                        mastodonmigration@mastodon.onlineM This user is from outside of this forum
                        mastodonmigration@mastodon.onlineM This user is from outside of this forum
                        mastodonmigration@mastodon.online
                        wrote last edited by
                        #75

                        @_elena

                        This is an absurd and transparent lie, that reflects very badly on Mike Masnick.

                        We are talking about a $100M investment, and he is asking people to believe they were just "too busy." Hogwash.

                        _elena@mastodon.social_ 1 Reply Last reply
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                        • ulrikehahn@fediscience.orgU ulrikehahn@fediscience.org

                          @mat @_elena

                          it seems both legally different to me and different in design:

                          Link Preview Image
                          Bridging to Bluesky: The open social web, consent, and GDPR

                          There’s been intense discussion across the fediverse, GitHub, blogs, and articles about a bridge that would let you use a Mastodon accou...

                          favicon

                          UlrikeHahn (write.as)

                          mat@zelk.spaceM This user is from outside of this forum
                          mat@zelk.spaceM This user is from outside of this forum
                          mat@zelk.space
                          wrote last edited by
                          #76

                          @UlrikeHahn it surely is, but nothing technically prevents anyone to crawl data from https://[any_instance]/public/local automatically. It's even worse on AP because you never really delete a post as it's duplicated on a thousands different instances. Someone already did a firehose of activitypub but I can't remember his @

                          @_elena

                          ulrikehahn@fediscience.orgU 1 Reply Last reply
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                          • mastodonmigration@mastodon.onlineM mastodonmigration@mastodon.online

                            @_elena

                            This is an absurd and transparent lie, that reflects very badly on Mike Masnick.

                            We are talking about a $100M investment, and he is asking people to believe they were just "too busy." Hogwash.

                            _elena@mastodon.social_ This user is from outside of this forum
                            _elena@mastodon.social_ This user is from outside of this forum
                            _elena@mastodon.social
                            wrote last edited by
                            #77

                            @mastodonmigration it’s the first time in the entire history of capitalism that a company wouldn’t publicly boast about raising 100 million dollars

                            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
                              mike@thecanadian.socialM This user is from outside of this forum
                              mike@thecanadian.socialM This user is from outside of this forum
                              mike@thecanadian.social
                              wrote last edited by
                              #78

                              @_elena I'm not going to mince words here, that's either total bullshit from Mike or incompetence from the team, or both. You've just received 100 mil in the bank and you can't get a staffer to spend an hour writing a press release. The real hold up was figuring out how they were going to explain it which they still haven't done.

                              1 Reply Last reply
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                              • mat@zelk.spaceM mat@zelk.space

                                @wjmaggos I agree with you, even if permissive data is coming this year. for the appview part, anyone can build his own and pick the data they want from the pds. there's also dozens of different alternatives already, which limits enchittification

                                @_elena @benroyce

                                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
                                #79

                                @mat @wjmaggos @_elena

                                Great. So maybe someday in the future the bluesky ecosystem will eventually have what mastodon already has

                                mat@zelk.spaceM 1 Reply Last reply
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                                • mat@zelk.spaceM mat@zelk.space

                                  @UlrikeHahn it surely is, but nothing technically prevents anyone to crawl data from https://[any_instance]/public/local automatically. It's even worse on AP because you never really delete a post as it's duplicated on a thousands different instances. Someone already did a firehose of activitypub but I can't remember his @

                                  @_elena

                                  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
                                  #80

                                  @mat @_elena I think the legal aspect matters. And once someone downloads an ATproto post it’s not going to vanish by the author deleting it either. There is a freely available archive tool that lets you download your entire Bluesky post history with two clicks. And given how ATproto works, that means you can use the same tool to download, archive and search another users entire history of posts as well

                                  ulrikehahn@fediscience.orgU 1 Reply Last reply
                                  0
                                  • mat@zelk.spaceM mat@zelk.space

                                    @wjmaggos I agree with you, even if permissive data is coming this year. for the appview part, anyone can build his own and pick the data they want from the pds. there's also dozens of different alternatives already, which limits enchittification

                                    @_elena @benroyce

                                    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
                                    #81

                                    @mat @_elena @benroyce

                                    my understanding is that running your own app view with both a decent experience and reasonable cost is not doable. people are not doing that, while many run fedi servers for a few people.

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

                                      @_elena @mat

                                      if a message is public, it's public. people need to understand anyone can scrape you, on any protocol

                                      but there is a difference between the fediverse which has no financial motivations, and bluesky, which does have creepy financial motivations. they can, and will, eventually, simply as a matter of the inevitable financial imperative of seedy cryptobro creeps, to do things with your data *on the inside*

                                      (private messages, linking it with data in other plutocrat silos, etc)

                                      sab@hostux.socialS This user is from outside of this forum
                                      sab@hostux.socialS This user is from outside of this forum
                                      sab@hostux.social
                                      wrote last edited by
                                      #82

                                      Isn't there also something about the idea of the ATProto ID that it should follow you across the web, making tracking across services easier? On the fediverse we have accounts that are separate, and tracking the same user across the internet remains a significant challenge.

                                      This seems to me to be the real problem BS sought to solve.
                                      @benroyce @_elena @mat

                                      benroyce@mastodon.socialB 1 Reply Last reply
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                                      • ulrikehahn@fediscience.orgU ulrikehahn@fediscience.org

                                        @mat @_elena I think the legal aspect matters. And once someone downloads an ATproto post it’s not going to vanish by the author deleting it either. There is a freely available archive tool that lets you download your entire Bluesky post history with two clicks. And given how ATproto works, that means you can use the same tool to download, archive and search another users entire history of posts as well

                                        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
                                        #83

                                        @mat @_elena there will hopefully be restricted visibility posts in ATproto eventually. But they weren’t part of the original design

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

                                          @mat @wjmaggos @_elena

                                          Great. So maybe someday in the future the bluesky ecosystem will eventually have what mastodon already has

                                          mat@zelk.spaceM This user is from outside of this forum
                                          mat@zelk.spaceM This user is from outside of this forum
                                          mat@zelk.space
                                          wrote last edited by
                                          #84

                                          @benroyce personally, I think atproto architecture is way ahead of activitypub and does almost anything activitypub ever did. what do you mean by saying "bluesky hasn't everything mastodon has" ?

                                          @wjmaggos @_elena

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