Bluesky Reveals Massive Hidden Investment
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
Here is the TechCruch article on the announcement:
"Social network Bluesky is gearing up for big changes with today’s news that the company raised $100 million in Series B funding. The round, led by Bain Capital Crypto, was closed in April 2025 but had not been disclosed until now."
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/
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Here is the TechCruch article on the announcement:
"Social network Bluesky is gearing up for big changes with today’s news that the company raised $100 million in Series B funding. The round, led by Bain Capital Crypto, was closed in April 2025 but had not been disclosed until now."
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/
More from the TechCrunch article:
"The addition of another crypto-oriented VC firm may give some Bluesky users pause, however, especially since, so far, the company has not integrated cryptocurrencies into its offering..."
"As Graber once told Wired in an interview, “the term Web3 got very associated with cryptocurrency, so it’s not a good word to use for what we’re doing..."
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration surprise surprise!
a $100M funding round also strongly implies there was a pitch that there was a feasible path to Bluesky being a billion dollar company
presumably the lack of progress on revenue in the last year is why Jay's out
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration I truly can't understand why so many are so willing to trust Bluesky to not be exactly like the things they left for exactly the reasons they left those things...
As far as I could ever see, right from day one it was built to just be the thing that takes people from those so it can do the same thing all over again... Like that was its clear goal...
So it will just hurt them and then something else, say Greensky, will pop up and they'll go to that and it will just do the same thing.
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More from the TechCrunch article:
"The addition of another crypto-oriented VC firm may give some Bluesky users pause, however, especially since, so far, the company has not integrated cryptocurrencies into its offering..."
"As Graber once told Wired in an interview, “the term Web3 got very associated with cryptocurrency, so it’s not a good word to use for what we’re doing..."
So, now that has been revealed that a secret VC cabal does in fact own Bluesky, let's ask how on earth they plan to recoup an investment of over $125M.
It is simply not possible to do so out of revenue. The company has no revenue and little prospect of earning money.
The only real asset that Bluesky has is their user base comprised of the nation's foremost liberals and progressives...
https://mastodon.online/@mastodonmigration/116201871821753838
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So, now that has been revealed that a secret VC cabal does in fact own Bluesky, let's ask how on earth they plan to recoup an investment of over $125M.
It is simply not possible to do so out of revenue. The company has no revenue and little prospect of earning money.
The only real asset that Bluesky has is their user base comprised of the nation's foremost liberals and progressives...
https://mastodon.online/@mastodonmigration/116201871821753838
@mastodonmigration there is no way this doesn’t end in some kind of crypto/AI grift
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So, now that has been revealed that a secret VC cabal does in fact own Bluesky, let's ask how on earth they plan to recoup an investment of over $125M.
It is simply not possible to do so out of revenue. The company has no revenue and little prospect of earning money.
The only real asset that Bluesky has is their user base comprised of the nation's foremost liberals and progressives...
https://mastodon.online/@mastodonmigration/116201871821753838
@mastodonmigration Broken telephone –game, driven by machines, of course, all over again.
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@mastodonmigration there is no way this doesn’t end in some kind of crypto/AI grift
Feel like it is more likely that influencing the midterms through algorithmic manipulation of their users is more what they are up to.
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration and they'll be so pleased they got an early invite
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration Short of making #BehavioralScience #CoreEducation, the more this K-economy will collapse all but the wealthiest Capitalists.
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@mastodonmigration there is no way this doesn’t end in some kind of crypto/AI grift
@suzannealdrich @mastodonmigration well, I'll tell you how it ends for me. I'm out, no telling what info they are harvesting from us so I'm dumping my butterfly account right now. Good luck all!
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration Have they announced this on BS?
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration That reminds me. It's time to donate to my local Mastodon admin. I know who owns it, and it's one pretty nice person.
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So, now that has been revealed that a secret VC cabal does in fact own Bluesky, let's ask how on earth they plan to recoup an investment of over $125M.
It is simply not possible to do so out of revenue. The company has no revenue and little prospect of earning money.
The only real asset that Bluesky has is their user base comprised of the nation's foremost liberals and progressives...
https://mastodon.online/@mastodonmigration/116201871821753838
To understand all this better, consider that the Crypto PAC 'Fairshake' spend over $20M in Illinois and $10M of that on a failed attempt to defeat Julianna Stratton. They have over $220M more to spend on influencing the midterms. For these guys the opportunity to achieve some degree of message control over liberal social media is well worth $100M.
How will they do it? Algorithmic manipulation of social media? Quieting critics, amplifying favorable messaging? Has it already begun?
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@mastodonmigration Have they announced this on BS?
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration
Who could have possibly predicted?
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration
Yeah!!! Why!!!?? -
Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration Ah, Bain. The stories we could tell.
Anyway, just need Mike Masnick to tell us why this is good actually.
