I could see running a service to host blue sky services for governments and companies being a good compromise.
You don’t need $100M to do that.
Comment on Bluesky raises $100 M Series B as new CEO takes charge
baggachipz@sh.itjust.works 2 days ago
$100 million Series B led by Bain Capital Crypto
The article paints some glowing picture of success and safety from this move, as if VC doesn’t expect some huge return on investment from a service which hasn’t made a dime yet. “They’ll make money on premium subscriptions and business services”…. Right, ok.
“We’re rolling out tasteful, relevant, safe ads” in 5…4…3…
panda_abyss@lemmy.ca 2 days ago
borth@sh.itjust.works 2 days ago
But then how will the CEO get that $25-50M bonus? Won’t someone think of the poor CEOs…
dan69@lemmy.world 2 days ago
Upvote not bc of the response but the fact that the meme fits strongly
expr@piefed.social 2 days ago
My brother works for a company acquired by Bain. They are every bit the vulture capitalists bleeding companies into lifeless husks.