Diaspora: Shuns VC Money, Prefer to Take Cash From the Crowd

diaspora Diaspora: Shuns VC Money, Prefer to Take Cash From the Crowd

The Diaspora boys.

Diaspora, the Facebook competitor brought to you by Kickstarter and radical privacy advocates lecturing at NYU, has been trucking along in the Pivotal Labs office in California. But from the outside, things don’t seem to be going so well. It’s been about 18 months since the company raised a monster $200,641 on Kickstarter, and Diaspora is still squeaking out invites at a snail’s pace. 

CEO Yosem Companys has abruptly left the company three days ago “due to personal reasons.”

And Diaspora recently asked for more money, which we learn today via The Daily goes toward “stipends of $1,000 a month for housing and $2,000 a month for living expenses.”

Wait a second–$3,000 a month? In the days of extreme lean startupdom, that sounds pretty cushy.

One Betabeat writer suggested perhaps the cash was going to Adderall. Seems unlikely—if it were, we’d have our invite by now.

Follow Adrianne Jeffries on Twitter or via RSS. ajeffries@observer.com

Comments

  1. Sara Chipps says:

    Aren’t they in New York? A $36,000 salary for a developer in New York is a pittance. Actually, pretty much anywhere in the US it’s a pittance. 

    1. Anonymous says:

      They’re in Palo Alto. $2k for living expenses? What are they buying? I live on less than that in the East Village, but I’m also thinking of people like Cheryl Yeoh who lived in a friend’s living room … Scroll, whose cofounders share an apt with three roommates in Bushwick … Like at first, TechStars New York was only giving people $6k a person for four months. Maybe they are spending money on gas?

    2. Anonymous says:

      They’re in Palo Alto. $2k for living expenses? What are they buying? I live on less than that in the East Village, but I’m also thinking of people like Cheryl Yeoh who lived in a friend’s living room … Scroll, whose cofounders share an apt with three roommates in Bushwick … Like at first, TechStars New York was only giving people $6k a person for four months. Maybe they are spending money on gas?

      1. Anonymous says:

        someone on twttr agreed with me http://twitter.com/#!/kfarz/status/131427149788880896

      2. Anonymous says:

        someone on twttr agreed with me http://twitter.com/#!/kfarz/status/131427149788880896