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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PuttItOut ago

While I naturally understand the concern (because you're not me), it makes me feel very unappreciated and untrusted when I've more or less dedicated and sacrificed my life to seeing to it that Voat succeeds and then come across posts like this demanding details when there are none, especially as if I haven't already proven my commitment to Voat over the last 5 years.

There were no terms associated with this deal other than to help Voat succeed and to offer some resources to this end. The 'Angel' that is on board is even more Free Speech than I am, so the conclusion that the only reason to not discuss details is because of malicious or foul intent is simply malicious on your part to imply such things.

Anyways, I have to get back to taking care of the mountains of work that I have to do.

Draurgothoth ago

Thanks for everything Putt. We still believe in you.

Liber ago

You have to appreciate people asking simple questions. I think you went a bit OTT @PuttItOut, as far as Voat has existed people have appreciated everything you’ve done to make this place as good as it is. I understand the emotional reaction but OP’s question is a far throw from malicious, it is a clear display of concern by a user doesn’t want Voat to decline like Reddit did.

I personally can understand the emotional reaction when a question put so bluntly can seem like criticism, but this is the culture of Voat and it’s a great one at that. I’m not sure about anyone else but attacking a user for questioning you is treating them like a dissident. This ain’t communism.

drstrangegov ago

It's putts baby. His property. We are here because he has decided to share it with us. If you don't trust the man, don't use his property. Conversely, If he becomes too untrustworthy the people who contribute the content will leave and voat will go the way of MySpace. The free market of ideas. But the universe has a way of punishing people who decieve others.

jollux ago

Hmm... no. Voat would be nothing without its userbase. We hop websites regularly, and when this one crashes and burns, we'll hop again.