11 votes

New Vector raises $8.5M to accelerate Matrix/Riot/Modular

Tags: matrix, riot

1 comment

  1. 9000
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    I haven't seen any prior mention of P2P Matrix, and I can't find any other reference to it (if anyone has a link about it, I'd appreciate it!). But, it seems that these two quotes are a little at...

    With today’s new funding, the priorities for Matrix will be:

    • (...)
    • ...and furthering development on P2P Matrix, so users can have full control of their communications without having to run or trust a server.

    By funding Matrix development and helping the open ecosystem and public network grow, New Vector can go provide more Matrix hosting via Modular.im and more Government & Enterprise deployments via Vector.im.

    I haven't seen any prior mention of P2P Matrix, and I can't find any other reference to it (if anyone has a link about it, I'd appreciate it!). But, it seems that these two quotes are a little at odds, no? Depending on the implementation and abilities of P2P Matrix, it seems like it would significantly cut into the market for Matrix hosting, by taking the hyper-paranoid and non-sysadmin sections of the market.

    I, like I imagine many others in the community, have been a little uncomfortable with a for-profit company driving so much of the direction and development of the project. But, at the same time, they have been very sensitive to this perception (as evidenced by their guarded language in this post), and I cannot deny that development would be significantly slower and less impressive without New Vector.

    So, I dunno. I want E2EE on by default, I want cross-signing, I want Dendrite, I actually just want everything they mention on the list. It's all the right things, and they've delivered so far. I'm just afraid of what happens when the gravy train runs out. Hopefully by that point the software and community will be stable enough on its own. Or, who knows, maybe government contracts will be lucrative enough to be a sustainable business model, though I doubt it fits with VC conceptions of growth.

    5 votes