dansup is a user on mastodon.social. You can follow them or interact with them if you have an account anywhere in the fediverse. If you don't, you can sign up here.
dansup @dansup

“Since we took external investment we need a liquidity event.” – GitLab

· Web · 13 · 11

@dansup When you take VC, you sell the company. No ifs, no buts. We keep getting surprised as the sale usually just takes several years to complete. C’est la “exit”.

This is why VC investment is incompatible with sustainable businesses with social missions. And why I keep harping on about how we must support projects that benefit the commons from the commons (ar.al/notes/encouraging-indivi)

@aral @dansup good article. Amaroq mangles links when there are other adjacent non-URL chars (including parens or other punctuation), so here it is by itself:
ar.al/notes/encouraging-indivi

@AlainODea @dansup Thanks, Alain – good to know. Is there an issue open for that?

@aral I found a similar issue:
github.com/ReticentJohn/Amaroq

It’s not exact. I’ll do some test reductions and post a new specific issue for this.

@aral I found the matching issue and provided some additional problem and solution analysis to help get to a fix:
github.com/ReticentJohn/Amaroq

@aral my pleasure. I figured it's worth acting on the advice in your article :) I can't help the commons with subtoots :D

@dansup

Actual quote or speculative mind-reading? (But probly accurate anyway...)

@dansup @bhaugen So based on that Tweet my bet would be that Gitlab will be sold either to Google or Microsoft in the near future. For the projects who can't host their own repos, including people who are just starting out in software development, we need better solutions than silos which get sold to tech Zaibatsu.
@dansup @bhaugen If Microsoft monopolizes easy project hosting then this is an obvious way that they can make projects or licenses they don't approve of fail. They can also tie that in to their existing education monopoly.

open source software platforms Show more

open source software platforms Show more

open source software platforms Show more

open source software platforms Show more

open source software platforms Show more

open source software platforms Show more

open source software platforms Show more

open source software platforms Show more

open source software platforms Show more

@Rosemary @chr it's an IPO.. initial public offering. You need liquidity, which is cash from common shares you sell on the market. It's considered "liquid" because it can be bought or sold instantly, instead of with bonds where.you have to hold for a set period of time, or private capital like Venture Capital where you put money in and can't touch it for a period of years. VCs need liquidity to sell their shares in a company to realise profit.

@dansup platform co-operatives like Resonate.is are the answer to this. At least, I think/hope they are. WhatsApp could have been sustainable with a $1 a year subscription. Most of these things fall apart because of straight up greed. people gotta keep up with the Joneses though :/ I just sold out at work and chose an easy to use but more expensive software so I'd look good, even though I know the long term costs are going to hurt my company. Is what it is.