cryptocat author social media fast backing

The idea for Capsule started with a tweet about reinventing social media. A day later cryptography researcher, Nadim Kobeissi - best known for authoring the open-source E2E-encrypted desktop chat app Cryptocat (now discontinued) - had pulled in a pre-seed investment of $100,000 for his lightweight mesh-networked microservices concept, with support coming from angel investor and former Coinbase CTO Balaji Srinivasan, William J. I'm designing a decentralized social media solution where each user hosts their own microservice. These then connect to one another in a mesh, allowing following and sharing posts. Cryptocat Author Gets Insanely Fast Backing To Build P2P Tech For Social Media () 63 Posted by BeauHD on Monday Janu06:10PM from the that-escalated-quickly dept. Are you interested in funding its development? - Nadim Kobeissi JanuThe nascent startup has a post-money valuation on paper of $10 million, according to Kobeissi, who is working on the prototype - hoping to launch an MVP of Capsule in March (as a web app), after which he intends to raise a seed round (targeting $1 million-$1.5 million) to build out a team and start developing mobile apps. Cryptocat author gets insanely fast backing to build p2p tech for social media.Since then a host of new cryptocurrencies has emerged, promising a fast. For now there's nothing to see beyond Capsule's landing page and a pitch deck (which he shared with TechCrunch for review). Cryptocat author gets insanely fast backing to build p2p tech for social media. They could also open up novel possibilities for revamping social welfare and financial inclusion, says Veneris, by enabling direct cash transfers to people regardless of whether they have a bank account. Cryptocat author gets insanely fast backing to build p2p tech for social media For now theres nothing to see beyond Capsules landing page and a pitch deck. The idea for Capsule started with a tweet about reinventing social media. Cryptocat author gets insanely fast backing to build P2P tech for social media These then connect to one another in a mesh, allowing following and sharing posts. But Kobeissi says he was startled by the level of interest in the concept. Capsule is just the latest contender for retooling Internet power structures by building infrastructure that radically decentralizes social platforms to make speech more resilient to corporate censorship and control. It will be lightweight, user friendly and secure. Cryptocat Author Gets Insanely Fast Backing To Build P2P Tech For Social Media 63 Posted by BeauHD on Monday Janu06:10PM from the that-escalated-quickly dept. 'I posted that tweet and the expectation that I had was that basically 60 people max would retweet it and then maybe I'll set up a Kickstarter,' he tells us. Instead the tweet 'just completely exploded' and he found himself raising $100,000 'in a single day' - with $50,000 paid in there and then. I've been running a business based on consulting and based on academic R&D services,' he continues. 'But by the end of the day - last Sunday, eight days ago - I was running a Delaware corporation valued at $10 million with $100,000 in pre-seed funding, which is insane.

Cryptocat author social media fast backing