3 ms·
> If you compare Matrix the foundation/company, they are VC funded (the foundation is a bit of a sham after community pressure, it's all the same people and acc
by Arathorn 3y ago
> If you compare Matrix the foundation/company, they are VC funded (the foundation is a bit of a sham after community pressure, it's all the same people and accounts controlling it,
This not true.
Element (the company set up by the original Matrix team to fund their work) may be VC funded - but the Matrix.org Foundation is entirely separate, with its own leadership (the Managing Director is Josh Simmons, formerly president of OSI), its own accounts, and is funded by memberships and donations. It’s also electing its own governing board in the next few weeks: https://matrix.org/blog/2023/12/electing-our-first-governing-board/#election-timeline https://matrix.org/blog/2023/12/electing-our-first-governing...
Calling it a “sham” is demonstrably untrue, and far from pleasant.