The article discusses Peter Wang, a founder of the Skyseed fund, which is a venture capital fund focused on supporting open-source and decentralized technologies. The Skyseed fund is separate from Bluesky, the company behind the popular social media app of the same name.
Here are some key points from the article:
- Open-source vs. private control: Wang emphasizes that despite Bluesky’s control over its own app and the underlying protocol, the open-source nature of the technology means that users can always choose to use alternative forks if they don’t like how things are going.
- Funding focus: The Skyseed fund is focused on supporting projects in the space of decentralized technologies, such as blockchain and peer-to-peer networks. Wang emphasizes that he’s looking for projects that have a strong community behind them and that prioritize decentralization over control by a single entity.
- No managing partners or admins: Currently, there are no managing partners or administrators working on Skyseed, but Wang is hoping to bring in more allies and structure to the fund over the coming months.
- Balanced business model: Wang emphasizes that he’s not opposed to ad-supported networks or subscriptions, but wants to balance these models with other options. He notes that the problem with big social media companies is that they "stumbled into advertising and the attention economy" too early.
Overall, the article provides a brief overview of Peter Wang’s efforts to support open-source and decentralized technologies through the Skyseed fund.
