http://techcrunch.com/2010/06/02/diaspora-project
Wow...now can someone please tell me where the $200k went???
Is this the new web 3.0 dotcom model....raise a truckload of money from kickstarter from the general public and then move on when you get bored and have siphoned the money out.....
I've received a reply to my post on Techcrunch that the P&L is online at
ReplyDeletehttp://dl.dropbox.com/u/345057/DIASPORA%207312011%20Profit%20and%20Loss%20Statement%20B.pdf
and yes they only paid themselves $28.8k pa
nice move that they put the P&L, and yep it looks liek all the money is spent, though there has to be value associated with the brand/name/code that 6500 people paid for.
i wonder if Diaspora should be flipped into another holding company and the 6500 kickstarter investors get a shareholding in the new entity.
I'm frequently frustrated when founders just trash investors seed money when the going gets hard.