The Quiet Death of Ello's Big Dreams
The Quiet Death of Ello's Big Dreams
waxy.org The Quiet Death of Ello's Big Dreams - Waxy.org
Ello launched in 2014 with big dreams, but the artsy social network suddenly shut down last year, deleting nine years of posts without warning. What happened?
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Quite a fascinating read really. It is a shame it didn't work out but it's true that once you have investors you're no longer calling the shots. You're beholden to that debt, end of story.
The more I read VC funding horror stories, the more I want to yeet myself far away from any "indie" project backed by them.