ODELL on Nostr: > Let me paint scenario where an open source dev is looking to make a 1031 funded ...
> Let me paint scenario where an open source dev is looking to make a 1031 funded company obsolete, would open sats fund it? I have a hard time believing open sats would especially since Odell would be liable for damages for breaking his fiduciary responsibility.
WE FUND PLENTY OF PROJECTS THAT COULD BE SEEN AS COMPETITORS TO TEN31 PORTFOLIO COMPANIES. THE LIST IS PUBLIC. CHECK FOR YOURSELF. OUR INVESTMENT STRATEGY AT TEN31 FOCUSES ON COMPANIES THAT BENEFIT FROM A ROBUST OPEN SOURCE ECOSYSTEM.
> The biggest problem is that Open sats doesn’t fund anonymous developers. That means if Satoshi had come to Open Sats for funding he would have been denied.
WE FUND NYMS AND TAKE THEIR PRIVACY INCREDIBLY SERIOUSLY BUT YES AS A 501C3 WE HAVE TO KEEP RECORDS FOR TAX AUDITS. WE MAKE EVERY RECIPIENT AWARE OF THIS RISK.
> Open Sats would be better off creating a list of devs / projects for people to zap / crowdfund instead of being a middleman.
GREAT IDEA. YOU SHOULD DO THAT.
WE FUND PLENTY OF PROJECTS THAT COULD BE SEEN AS COMPETITORS TO TEN31 PORTFOLIO COMPANIES. THE LIST IS PUBLIC. CHECK FOR YOURSELF. OUR INVESTMENT STRATEGY AT TEN31 FOCUSES ON COMPANIES THAT BENEFIT FROM A ROBUST OPEN SOURCE ECOSYSTEM.
> The biggest problem is that Open sats doesn’t fund anonymous developers. That means if Satoshi had come to Open Sats for funding he would have been denied.
WE FUND NYMS AND TAKE THEIR PRIVACY INCREDIBLY SERIOUSLY BUT YES AS A 501C3 WE HAVE TO KEEP RECORDS FOR TAX AUDITS. WE MAKE EVERY RECIPIENT AWARE OF THIS RISK.
> Open Sats would be better off creating a list of devs / projects for people to zap / crowdfund instead of being a middleman.
GREAT IDEA. YOU SHOULD DO THAT.