Alternative social network Minds has closed a $10 million Series from Futo - a new organization that was founded to develop technology and promote policies that give control of computers back to the people.
Futo is owned by seed investor Eron Wolf. Wolf started Yahoo Games in 1997 and has worked at tech companies in Silicon Valley for 18 years.
In an interview with GamesBeat, Wolf said he believes incentives for entrepreneurs are "completely out of whack" when it comes to doing things that are good for society. He added that the world needs more companies like Minds that are dedicated to independence, transparency, user sovereignty, and freedom of speech.
Wolf also praised Minds and its CEO, Bill Ottman, for being transparent with users and said that one of the reasons he invested in Minds is because he favors investing in "the little guy competing against the big guy."
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