OK, so I just got an email saying @penpot just got $8M in series A.
Last I raised concerns about their funding (https://mastodon.ar.al/@aral/107213277312042632), @diacritica assured me “you won't see any VC” (https://fosstodon.org/@diacritica/107223795756458412)
Well, this sure looks like VC to me.
Folks investing $8M are going to want a billion-dollar exit. So who’s that exit going to be to (Adobe’s already full, is Google hungry for a design tool?) Or do they plan on going public?
#vc #ventureCapital #BigTech #exits #openSource #penPot
Last I raised concerns about their funding (https://mastodon.ar.al/@aral/107213277312042632), @diacritica assured me “you won't see any VC” (https://fosstodon.org/@diacritica/107223795756458412)
Well, this sure looks like VC to me.
Folks investing $8M are going to want a billion-dollar exit. So who’s that exit going to be to (Adobe’s already full, is Google hungry for a design tool?) Or do they plan on going public?
#vc #ventureCapital #BigTech #exits #openSource #penPot
diacritica (@diacritica@fosstodon.org)
@aral@mastodon.ar.al @penpot I think I know what happened here? the "ventures" term misled you, which is understandable but if you take a look at our website kaleidos.net you won't see any VC.Fosstodon
Aral Balkan
in reply to Aral Balkan • • •Aral Balkan
in reply to Aral Balkan • • •LPS
in reply to Aral Balkan • • •❄️ freezr ❄️
in reply to Aral Balkan • • •The same designers are the first ones with zero education about open source culture...
Aral Balkan
Unknown parent • • •FediThing has moved!
in reply to Aral Balkan • • •The Penpot licence is MPL 2.0:
https://github.com/penpot/penpot/blob/develop/LICENSE
...how much does this protect it from a takeover? Does it protect it at all?
penpot/LICENSE at develop · penpot/penpot
GitHubPablo Ruiz-Múzquiz
in reply to FediThing has moved! • • •Aral Balkan
in reply to Pablo Ruiz-Múzquiz • • •Furthermore, MPL is also excellent for enclosing an open source project because its share alike “protections” are file-level. There’s a reason Penpot isn’t AGPL.
Pablo Ruiz-Múzquiz
in reply to Aral Balkan • • •Pablo Ruiz-Múzquiz
in reply to Aral Balkan • • •Pablo Ruiz-Múzquiz
in reply to Aral Balkan • • •Pauxlll Kruczynski
in reply to Aral Balkan • • •Pablo Ruiz-Múzquiz
in reply to Aral Balkan • • •Pablo Ruiz-Múzquiz
in reply to Aral Balkan • • •Aral Balkan
in reply to Pablo Ruiz-Múzquiz • • •So, assuming you know how VC works, what’s the return on investment your investors expect for $8M? In other words, what’s the exit you promised them in exchange for $8M?
#ventureCapital #vc #penPot
Pablo Ruiz-Múzquiz
in reply to Aral Balkan • • •𐑝𐑧𐑜𐑭 𐑓𐑘𐑹𐑛 ✡️🇵🇸
in reply to Aral Balkan • • •Aral Balkan
in reply to 𐑝𐑧𐑜𐑭 𐑓𐑘𐑹𐑛 ✡️🇵🇸 • • •❄️ freezr ❄️
in reply to Aral Balkan • • •Pablo Ruiz-Múzquiz
in reply to Aral Balkan • • •