n on Nostr: jack What do you think of this simplex-chat opinion? ...

jack (npub1sg6…f63m) What do you think of this simplex-chat opinion?

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note16nj…rzmx

Funding and profitability
We explain our rationale for funding here. Funding sources is always one of the most difficult choices to make, and it’s important to underline that VC models don’t necessarily translate to a quest for control, interference of any kind, or overall influence on product roadmap and strategy. The vast majority of investors seek profitability. Irrespective of the organization type profitability is essential for a sustainable operation, and it can and should be done while adhering to the highest possible standards for privacy. For-profit vs. nonprofit is also not an accurate metric to measure a commitment towards privacy and open standards, which is further explained here.

To make a profit, satisfying customers is the key. Unlike the many companies that profit from selling customer data, we put user privacy first. Doing this at scale requires investments. If the investors don’t own or control a company, their participation becomes merely about profit for them, and not about how this profit is obtained. With the investors we have, we are completely aligned on this - they are betting on the future where privacy is the norm. They do not dictate on anything related to our model. We build SimpleX chat, protocols and network the way Internet should have been built if we as developers always put the privacy and empowerment of users first.