Confession: I talked to a VC interested in the fediverse today. Second time this has happened. Their perspective:
Fediverse is hostile to VC (yay!)
Doesn't see investible opportunities in fediverse (possibly bad)
Thinks the server-based identity system is a dead end
I made clear, of course, that the past decade of my career has been devoted to attempting to displace VC as the primary mode of financing, ownership, and governance of tech.
