• rijom@lemmy.ml
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    6 months ago

    Do they say anywhere how they’re funded? Couldn’t really find anything on the FUTO page…

    • doeknius_gloek@discuss.tchncs.de
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      6 months ago

      Uhhh so I copied the part from their website that tries to answer your question and now my clipboard seems to include an invisible link to some scummy sounding website. So either I have to nuke my smartphone (and another system I tested this on) or this just got a whole lot sketchier.

      That organization is FUTO, founded in 2021 by 18-year Silicon Valley veteran, programmer/founder of Yahoo! Games, and WhatsApp seed investor Eron Wolf.

      https://www.high-endrolex.com/26

      Through a combination of in-house engineering projects, targeted investments, generous grants, and multi-media public education efforts, we will free technology from the control of the few and recreate the spirit of freedom, innovation, and self-reliance that underpinned the American tech industry only a few decades ago.

      FUTO is not reliant on any existing tech company or venture capital firm for its funding. We are not expecting quick profits.

      Source: https://futo.org/what-is-futo/