Wednesday, January 13, 2021

Signal - Founder is Cofounder of WhatsApp

https://www.google.com/search?q=Brian+Acton

At its inception, you invested $50 million in Signal, and the foundation operates as a non-profit. Now, with the increasing amount of interest and growth in downloads, what is the long term business plan to ensure Signal can scale up and sustain itself? 

We've gone back and forth on a variety of business plans and we really like the non-profit structure and we really like the, you know, sort of donations and grants business model. Now you know that's work, of course, to make sure that you have donors large donors, have small donors, people give you and there's a spectrum of donors. 

Wikipedia is a great example of a non-profit technology organization that's able to provide a fantastic service that's free for all, and that's what we are working towards. Part of that's growing the users and making sure that we have enough donors to work with and then, of course, giving them, you know, a reasonable tool to give us a donation if they prefer. And then we also cultivate large donors and that's how we will sustain ourselves in the long term.

https://freeglobaluniversity.blogspot.com/search/label/Wiki

There's no other plan to actually get another investment. It has to be a donation model and what I want to do is I want to earn people's donations. That's the right relationship. I want to build features and capabilities and build a delightful product that earned your donation. I want you to voluntarily want to give us money not feel like oh I have to pay for it because you know I have to pay for it 

https://www.google.com/search?q=Signal

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