MARK SURMAN, PRESIDENT, MOZILLA Keeping the internet, and the content that makes it a vital and vibrant part of our global society, free and accessible has

  • @GnuLinuxDude@lemmy.ml
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    53 hours ago

    Netscape, which was essentially the predecessor to Mozilla, was a well funded VC-backed startup. That’s how they did it.

    • @tetris11@lemmy.ml
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      23 hours ago

      and only now the investors are asking for their return? Or the investors aren’t re-investing and that’s the problem?

      • Ants Are Everywhere
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        3 hours ago

        @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.

        • @tetris11@lemmy.ml
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          22 hours ago

          Christ that’s a messy inheritance model. Hopefully Firefox will be spun off to, and will have to focus solely on the browser.