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this post was submitted on 07 Oct 2024
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Firefox
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Netscape, which was essentially the predecessor to Mozilla, was a well funded VC-backed startup. That’s how they did it.
and only now the investors are asking for their return? Or the investors aren't re-investing and that's the problem?
@tetris11 @GnuLinuxDude
Netscape exited to AOL in 1998. The Netscape founder Marc Andreessen has since then been a successful venture capitalist who loves cryptocurrencies and Donald Trump.
oh dear
@tetris11 @GnuLinuxDude
Mozilla Corporation -- which makes Firefox -- is a wholly owned subsidiary of Mozilla Foundation. The foundation is a nonprofit.
A nonprofit can't generate a lot of business income unrelated to its mission. Firefox used to generate a lot of income, so it had to be spun off into a taxable entity called Mozilla Corporation.
The corporation doesn't have investors in the usual sense.
Christ that's a messy inheritance model. Hopefully Firefox will be spun off to, and will have to focus solely on the browser.