• poVoq ( poVoq@slrpnk.net ) 
    23·
    2 years ago

    Matrix is owned by a foundation only on paper. In reality it is all owned and driven by Element, which was very much VC funded in the past but seems to have reached the end of the VC re-financing cycle by now (hence increased enshittification speed).

    • Yaky ( Yaky@slrpnk.net ) 
      1·
      2 years ago

      That explains why Synapse and some other things moved under element-hq on GitHub.

      Doesn’t Element get funding from some EU governments? IIRC it was used by some police force in Germany and some departments in France.

      • poVoq ( poVoq@slrpnk.net ) 
        1·
        2 years ago

        Yes they have been trying to diversify income sources and so far mostly ended up with governmet (including military and law enforcement) contracts. But they are still burning money fast, as the entire company has a VC funded startup culture where being efficient with your resources counts little.

        My personal guess is that Matrix as an open ecosystem will be mostly dead in 5 years, and Element will survive as a much smaller defense contractor.

    • ex_06 ( ex_06@slrpnk.net ) OP
      9·
      2 years ago

      Simplex is vc funded and doesn’t have a business model so nobody knows if it will ever be sustainable, I won’t pass any of my chats to it until they figure out their stuff.

      Tuta too is for profit even if not vc funded. So the risk of easily getting sold is always there and tbh I don’t like giving money to for profit vertical companies unless necessary.

      Btw no company is anti compliance. They fight in court but in the end they will comply, they have to…

    • pot_belly_mole ( pot_belly_mole@slrpnk.net ) 
      2·
      2 years ago

      I’d love to like Tuta but man was using their service a constant pain. The search is incredibly slow for any messages not downloaded and keyword matching is somehow weird, the spam filter fails terribly (my spam folder was always full of legitimate messages), assigning rules is clumsy, and you can’t even bulk export mail to switch services:((

    • ex_06 ( ex_06@slrpnk.net ) OP
      14·
      2 years ago

      https://signal.org/blog/signal-foundation/

      I never read “VC funded” as someone who donated money and also was a VC. To me it’s always Venture capitalists investments asking for power and margin returns. Hence also it makes the product much more prone to enshittify to keep the numbers go up

      Signal is none of this but yes, got a headstart by someone who happens to be also a VC a rich person?

      Edit: I edit because I cannot find anything that links Acton to vc activities actually 🤔