So, to summarize what we've learned on the second day of trying to figure out:
Who actually owns #Bluesky?
The company represents that Jay Graber and the employees own Bluesky. This is misleading. In actuality, Bluesky has a host of tech VC shareholders (accessipos.com/bluesky-stock-i…) and is about to get more in a stunning funding round led by Bain Capital valuing the company at $700M (businessinsider.com/x-competit…).
So who are the current owners of Bluesky? Read on...
accessipos.com/bluesky-stock-i…
X competitor Bluesky's valuation jumps to around $700 million
Bluesky is raising new funding led by Bain Capital Ventures that would value the social media company at around $700 million, according to sources.Ben Bergman (Business Insider)
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Mastodon Migration
in reply to Mastodon Migration • • •Back in 2023: Bob Young (Red Hat), Amjad Masad (Replit), Heather Meeker, Jeremy Johnson, Outset Capital, Mana Industries, Automattic, Protocol Labs, Katelyn Donnelly, Ali Evans, Stav Erez, Brad Fitzpatrick, Atlas Benjelloun, and Abdul Ly.
Earlier this year: Blockchain Capital, Alumni Ventures, True Ventures, SevenX, Amir Shevat (Darkmode Ventures), and Joe Beda (Kubernetes).
The list is a who's who in tech with ties to all the principle edgelords.
That's who owns Bluesky.
JonChevreau reshared this.
Mastodon Migration
in reply to Mastodon Migration • • •⚯ Michel de Cryptadamus ⚯
in reply to Mastodon Migration • • •usually ~10% is left for employees.
- C suite each get 1%
- MD or equivalent each get 0.25-0.5%
- average engineer maybe 0.1%
Mastodon Migration
in reply to ⚯ Michel de Cryptadamus ⚯ • • •@cryptadamist
But we just don't know.
One very troubling thing is their representation that the company is owned by Jay Graber and the employees.
It is not clear how many of the progressive voices flocking there, and establishing the basis for the current astronomical valuation, would have done so had they known who actually owned the company.
⚯ Michel de Cryptadamus ⚯
in reply to Mastodon Migration • • •Mastodon Migration
in reply to ⚯ Michel de Cryptadamus ⚯ • • •@cryptadamist
It should be very problematic.
It is hard to understand how progressives keep falling for this same scam. Guess people just want to believe what they hear.
Marti Abernathy
in reply to Mastodon Migration • • •Kuba Suder • @mackuba.eu on 🦋
in reply to Mastodon Migration • • •Soundtrackcity
in reply to Mastodon Migration • • •Esp “It is hard to understand how progressives keep falling for this same scam. Guess people just want to believe what they hear.” Still a lot of awareness to be raised.