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Hello everyone, if you're reading about the #gitea changes. It could benefit to understand the full picture, I've written a summary of what happened today and as well what @dachary, @humanetech and I found out today.

https://forum.forgefriends.org/t/gitea-ltd-company/917/8
in reply to Gusted

“I’m looking for VC money, a few millions” – this, combined with the announcement yesterday, actually has me more worried.

It shows that either Lunny doesn’t understand what VC is or that there’s a desire to make a lot of money with Gitea in a way that isn’t compatible with being a community project.

“Enterprise version” plans are not great either. Just look at GitLab.

CodeBerg might want to consider sustaining their own fork while the codebase is still simple.

Aral Balkan reshared this.

in reply to Aral Balkan

@aral
> “Enterprise version” plans are not great either.

I agree that they often haven't been. Perhaps because they've been approached as a way to generate monopoly profits, so source code for them is kept secret (either not published and therefore subject to trade secret protection not copyright), or published under a non-free license. But in practice, large orgs have different hosting needs from small ones, and having separate versions can address that.

@Gusted @dachary @humanetech
in reply to Aral Balkan

@aral I think a fork is a last resort. But of course that's a possibility.
in reply to Aral Balkan

@aral
@jwildeboer

Yes, it's very disturbing if they are accurately quoted.

VC money never seems to go well for community projects 😢

Either a project is openly all about money, in which case it shouldn't be taking unpaid contributions because that's exploitation.

Or a project *is* about volunteering and community spirit, in which case it shouldn't be taking VC money because that will destroy the community.
in reply to FediTips has moved!

@feditips @aral @jwildeboer

Effects of VC money on one project I worked on:
The VC explained that their investors expected a return on their investment that was larger than what they could get from safer investments,. They got the project to spend money on facilities and sales and marketing people. Then they decided they would not get enuf profits so they cut them off, but because of the VC-led ongoing expenses, the project was unsustainable and folded.
in reply to bhaugen

@bhaugen @feditips @aral @jwildeboer I think alot alot of us have seen the negative effects VCs can have on Projects.

The other thing to consider is that a project founder may be a good leader of a small project, but wholly unsuitable as a leader to make it into a venture. Or to manage the burn rate of a rapidly growing one.
in reply to Esther Payne 🏴󠁧󠁢󠁳󠁣󠁴󠁿

@bhaugen @feditips @aral @jwildeboer VC capital changes the fundamental nature of our projects. But then it's also the push and pull between Free Software and Open Source.

Look at the choices of licences etc. VCs often prefer specific licences. Which should give us a clue really.
in reply to Esther Payne 🏴󠁧󠁢󠁳󠁣󠁴󠁿

VCs want 15x return in 5 years or they want the company to go bust so they can write off the loss. They get their return by acquisition or IPO, not from profit. They are a useful tool if the route to success involves spending money to grab more of a market than anyone else. They aren't much use for other things.
in reply to Chip Butty

@otfrom @bhaugen @feditips @aral @jwildeboer It's also why I'm a bit worried about the business side of Horizon development funding. The EU is as obsessed with Unicorns as any VC. Other than the small NGI funds, the research and dev funds seem inaccessible to develop projects or additional research.
in reply to Esther Payne 🏴󠁧󠁢󠁳󠁣󠁴󠁿

@onepict And even the NGI funds are rather opaque. We were recently rejected for one. Why? Who knows. What’s the internal process? Who knows. Who actually decided? Who knows.

Requires far more transparency. All this should be public.

For my part, I’ve posted all correspondence publicly. That, at least, should be the norm:

https://ar.al/2022/07/29/nlnet-grant-application-for-domain/

#PublicMoneyPublicCodePublicProcess

@otfrom @bhaugen @feditips @Gusted @dachary @humanetech @jwildeboer
in reply to Aral Balkan

@aral @otfrom @bhaugen @feditips @jwildeboer To some extent where projects can publisise the process, I think it will help to encourage others.

I think it also helps with sustainability because when you can see what a project gets in funding, what it produces with that funding helps with the long term credibility of that project.
in reply to Aral Balkan

@aral @onepict @otfrom @bhaugen @feditips @jwildeboer Same here. Some years back I applied for NGI funding (and several other funds such as prototype) as a freelancer to give gameoftrees a little push, and was rejected with no reason other than "sorry, no" :flan_shrug:

I am lucky enough to have other paid projects that do not eat up all of my time, and kept going regardless at a slow pace (it's been 5 years, and I never thought my side-project would last that long).

I do see one advantage: No money -> no pressure -> no burnout. The small community we have is still 100% volunteer-driven which evens out the project's playing field. This works very well, as long as people are having fun.

No doubt, it is far too difficult to find funding for open source / free software projects which are not among the horses that capitalists are betting on at a given time. Over years I have witnessed first-hand a high-profile and initially very well funded project (Subversion) dwindle, not really because of diminishing user interest (there are still countless companies using SVN internally, ask your friends who work in something other than pure software dev shops, where only a subset of people write software, it is still everywhere there) but because development funding dried up as companies moved on to greener $$$ pastures, and the project, being used to the luxuries of external funding from the very beginning, now finds itself unable to keep operating at a grand scale without external help, and there is no help.

I am not surprised to learn about someone trying the VC route to find required support for gitea, probably with good intentions (and an unfortunate PR disaster that was probably not intended). I myself wouldn't touch such money for community projects, it seems like a very bad fit.