MASSIVE news for the Matrix ecosystem today: @[email protected], the startup formed by the core Matrix team has raised $8.5M of additional funding from @[email protected] @[email protected] & @[email protected] 🎉💸🎉 Read what this means for Matrix over at https://matrix.org/blog/2019/10/10/new-vector-raises-8-5-m-to-accelerate-matrix-riot-modular!
@matrix great news on the funding. I find it scary that you run out each time. Hope you will become profitable with this round. Best of luck with the development!
@Jelv we didn’t run out this time! :) but not profitable either - we’re aiming to be (more than) selfsufficient this time though!
"...after all, Matrix aims to provide a worthy replacement to email (and the phone network, for that matter!) "
like it ;-)
I am always skeptical when FOSS companies turn to VC for funding because sooner or later, those investors will expect a return on their investment.
We'll see how that affects decisions that shape the future of matrix.
@ck yup, we are very skeptical on this too. we tried to address this directly on https://matrix.org/blog/2019/10/10/new-vector-raises-8-5-m-to-accelerate-matrix-riot-modular. it's also worth seeing what the VCs say first hand to judge for yourself: https://notion.vc/resources/new-vector-series-a/. In the end, we think it's possible to give a return on investment without sabotaging Matrix (much like the open Web exists despite folks making $ on it)
mastodon.matrix.org is one server in the network