cryptocat social gets insanely backing to

“But by the end of the day - last Sunday, eight days ago - I was running a Delaware corporation valued at $10M with $100k in pre-seed funding, which is insane. I’ve been running a business based on consulting and based on academic R&D services,” he continues. Instead the tweet “just completely exploded” and he found himself raising $100k “in a single day” - with $50k paid in there and then. “I posted that tweet and the expectation that I had was that basically 60 people max would retweet it and then maybe I’ll set up a Kickstarter,” he tells us. But Kobeissi says he was startled by the level of interest in the concept.

The nascent startup has a post-money valuation on paper of $10M, according to Kobeissi, who is working on the prototype - hoping to launch an MVP of Capsule in March (as a web app), after which he intends to raise a seed round (targeting $1M-$1.5M) to build out a team and start developing mobile apps.įor now there’s nothing to see beyond Capsule’s landing page and a pitch deck (which he shared with TechCrunch for review). It will be lightweight, user friendly and secure.Īre you interested in funding its development? These then connect to one another in a mesh, allowing following and sharing posts. I'm designing a decentralized social media solution where each user hosts their own microservice. The idea for Capsule started with a tweet about reinventing social media.Ī day later cryptography researcher, Nadim Kobeissi - best known for authoring the open source e2e encrypted desktop chat app Cryptocat (now discontinued) - had pulled in a pre-seed investment of $100,000 for his lightweight mesh-networked microservices concept, with support coming from angel investor and former Coinbase CTO Balaji Srinivasan, William J.

Cryptocat social gets insanely backing to