@MeaningfulBits @hamishcampbell @_elena

I can assure you that the people at A New Social are not trying to actively sabotage you.

@evan @hamishcampbell @_elena

Since they have $100M in the bank, 3 is probably a way off. AFACT, they are currently doing both 1 and 2 in parallel; if you look at their protocol engineers, I do believe they are really all in on 1, but much of the rest of the company is taking every opportunity to act in a decentralized manner and going in the opposite direction.

@ricci @hamishcampbell @_elena well, they had $100M when they raised money last year.

Crypto funds love to rollover crypto assets. So maybe some of it was in crypto, like Bitcoin, which has since dropped 25% against USD.

And they've been operating a tech startup with 20-30 staff and dozens of contractors, plus hosting costs which are somewhere in the $20-50M/year range, I'd bet.

If I had to guess on runway for BlueSky today, I'd say 12-24 months.

@julian You're thinking too big, like startup VC mode. I'm talking small company in the trenches selling stuff to SMBs then your big tech partner comes in and says thanks for the clients your end is now close to zero.

@mastodonmigration @_elena He who can destroy a thing, controls a thing. - Dune

@_elena

After reading, it leaves me with concerns that are not dev related.

1. If there's xlarge $ infusions involved, it means profit will always be 1st, and fuck the tech. They will never care.

2. If they'll eat their young once - and don't wince about it - they WILL do it again and enjoy it more aggressively every time.

3. Once they have a taste of their own, they'll feed on other's 'outside the family'.

They want performing monkeys, not projects with merit.