Not disclosing venture capital & trying to pass for independent is an even bigger con than traditional startups. I was conned too. #ello
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Now feeling like an idiot for spending time trying to give them advice over two calls on Skype. Venture capital changes everything.
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Still want to believe that they wanted to do the right thing but were naïve about role of venture capital. Still, they’ve already sold out.
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* Taking venture capital * Building a sustainable, long-term platform that is private by default. Pick one. https://ind.ie/manifesto
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@aral do you know@ethereumproject ? trust the openly auditable contracts. that's a new opportunity. certainly bad and good outcomes
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@aral@glynmoody@NordicDEi@waxpancake that they had backing was public info. As is not using ads/data for revenue also. -
@putt1ck@glynmoody@NordicDEi@waxpancake This was not something I was made aware of in my dealings with them. -
@aral@glynmoody@NordicDEi@waxpancake if talk to me about TwoTen I'm not going to mention investors unless you ask (or could be one!) - 1 more reply
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@aral@NordicDEi@waxpancake They've been open RE plan to introduce paid functionality, & haven't pretended to be non-profit. Seems OK to me -
@bethgranter@aral@NordicDEi@waxpancake - wld be interesting to talk about the different commercial models an ethical platform cld adopt -
@thinkovation I just posted this little rant to Medium. I wrote this is one take, so please excuse typos.#ellohttps://medium.com/@stevejennings1/has-ello-already-blown-it-3763a3d3b1fe … -
@NordicDEi The thing is.. We need to figure out how an open, transparent, ethical social platform can be economically viable
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@aral@nordicdei@waxpancake These articles might interest you for a more complete story: https://gigaom.com/2014/09/25/ello-investor-co-founder-funding-or-not-we-hate-ads-and-we-want-to-shift-values/ … :: http://betabeat.com/2014/09/ello-founder-says-vc-funding-is-no-big-secret-thats-silly/ … - 1 more reply
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@aral@waxpancake I just posted this little rant to Medium. I wrote this is one take, so please excuse typos.#ellohttps://medium.com/@stevejennings1/has-ello-already-blown-it-3763a3d3b1fe … -
@NordicDEi@aral@waxpancake brilliant! -
@bill_tribble@aral@waxpancake from with#ella I've posted the Medium rant into the chat feed of the entire founder team :) -
@NordicDEi@aral@waxpancake hah, good work. Hope they read it. -
@bill_tribble@aral@waxpancake they will. they'll wake up to it in their#ello feed :)
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