this post was submitted on 01 May 2025
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Mastodon

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Decentralised and open source social network.

https://joinmastodon.org/

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founded 5 years ago
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Mastodon has taken the strategic decision not to accept venture capital investments for growth, but rather restructure to a European non-profit organization (blog.joinmastodon.org)
submitted 6 days ago by yogthos@lemmy.ml to c/mastodon@lemmy.ml
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[–] mpblack@lemmy.ml 2 points 3 days ago

This is promising. But I assume this means Mastodon has a long, hard road ahead. Raising money as a non-profit can be tricky and slow compared with tech VC money. I'm hopeful they'll find ways to get get large, long-term funding that can support their continued evolution.