Comment on Investors in anti-Facebook startup have no idea how it will make money

Investors in anti-Facebook startup have no idea how it will make money

Cyrus Farivar Ello, the notably stripped-down, ad-free social network, announced Thursday that it has taken $5.5 million in venture capital and re-incorporated as a “Public Benefit Corporation.” The company’s founders and investors also published a one-page document in which they declared: Ello must never make money from selling ads Ello must never make money from selling user data In the event that Ello is ever sold, the new owners would also have to comply by these terms So how is Ello going to make money?

 

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