I asked this question on ProtonDrive’s subreddit, but the mods removed that post. I’ve tried a few more times, but my posts remain unapproved.
I’m curious because Standard Notes must have cost a few million dollars. Since Proton is not a VC funded company, it should be an all cash deal with no equity
It is hard to believe that Proton is swimming in millions of dollars as a community funded company, and all announcements are suspiciously light on details
Do you think this was a distress sale? Or are there funding sources we don’t know of?
I would like transparency into how this acquisition happened, and I’m curious to know what you all think.
Proton doesn’t strike me as a run of the mill local business. They are a big name, they have millions of customers and a lot of them on their business plan and they have to maintain big and complicated infrastructure and pay their IT employees that demand a lot. They seem sustainable.
If they’re not VC funded it doesn’t mean that they’re struggling to make ends meet and can’t allow spare cash. And Standard Notes is not another AI startup with inflated value only fit for the megacorp aquisition.