Don't let this slip into the memory hole Goats, it's been two months since the Voat investment deal and we still have no details. (whatever)

submitted ago by DrSelfAppointed

EDIT. Got an answer. Move along people, nothing to see here.

There were no terms associated with this deal other than to help Voat succeed and to offer some resources to this end.

-Putt

/

For anyone out of the loop, two months ago Putt announced a secret investor for voat with vague details. Which you can read here https://voat.co/v/announcements/2934082

What we were told:

  • Voat has gotten a budget for staff and a partial budget for operation

  • Putt remains CEO

  • The investor wishes to be kept secret (I feel like I would want the same in their shoes)

  • And the Details of the deal have been kept off the table “at least until Voat gets acclimated to the partnership and the newness fades.”

The only other thing I have heard from Putt that adds any good information is that both he and Atko retain majority ownership/control. While that’s a good thing, we still have no idea what they agreed too to secure this funding.

My argument is, while the anonymity of the investor is understandable secret, the only reason to continue to withhold the details of the agreement would be if there were some kind of malicious, foul, or some other stipulation that would be disagreeable to the community.

I have yet to see a single good reason to keep that information secret; and doing so completely undermines any notion of transparency. It seems the only way we will ever get that information is if the goats make a big stink. Which is why I am here to remind you all, again.

Unless @puttitout judges us as being acclimated enough to be told.

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DrSelfAppointed ago

He did not say it was funding, he said it was a new partner with whom he negotiated a deal. A deal he simply claimed was done with Voat's best interests in mind, the details of which were to be kept secret. A deal that provided cash with secret arrangements. That's not funding.

Now it seems stipulations to the agreement are being denied, you investigate and judge from there.