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.” Read More