OK, so I just got an email saying @penpot just got $8M in series A.

Last I raised concerns about their funding (mastodon.ar.al/@aral/107213277…), @diacritica assured me “you won't see any VC” (fosstodon.org/@diacritica/1072…)

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