@davidt @fedi @aral @nicolasvivant
The incentives for VCs are all wrong on social media and internet services, the ownership structure inevitably leads to "enshittification" as @pluralistic has documented in great detail.
They provide a wonderful service to hook people in, then once people are locked in they degrade the service to the point where it's much worse and more expensive than the original alternatives.
We don't need VCs to be controlling things, they misuse that control.



