Facebook just raised $1.5 billion at a $50 billion valuation, having secured just south of $2.4 billion since the company was founded. Contrast that with The Appleseed Project, which aims to establish an open source, fully distributed and decentralized social networking software suite to rival Facebook. I just got an email from the project's lead developer, Michael Chisari, prompting me to participate in their crowd-sourced fundraising efforts. So far, they've raised about $2,200 in 7 days, so they're roughly $7,800 short of their $10,000 fundraising goal.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/NwGHGwBvRfw/
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