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OK, so I just got an email saying @penpot just got $8M in series A.
Last I raised concerns about their funding (https://mastodon.ar.al/@aral/107213277312042632), @diacritica assured me “you won't see any VC” (https://fosstodon.org/@diacritica/107223795756458412)
Well, this sure looks like VC to me.
Folks investing $8M are going to want a billion-dollar exit. So who’s that exit going to be to (Adobe’s already full, is Google hungry for a design tool?) Or do they plan on going public?
Fosstodondiacritica (@diacritica@fosstodon.org)@aral@mastodon.ar.al @penpot I think I know what happened here? the "ventures" term misled you, which is understandable but if you take a look at our website kaleidos.net you won't see any VC. Instead you'll see a bunch of free & open source enthusiasts that want to create great free & open source technology. Some useful resources might be https://kaleidos.net/culture https://kaleidos.net/products https://blog.kaleidos.net/Taiga-and-Penpot-lead-our-new-chapter-at-Kaleidos/ and this no-bullshit non-conforming podcast interview https://possiblefutures.tech/posts/interview-with-penpot-ceo-pablo-ruiz-muzquiz-on-open-source-design-and-ethical-funding