Mozilla believes the high-tech industry has lost its soul by putting profits ahead of people and is going to try and do something about it.
It has announced Mozilla Ventures, a US$35 million venture capital fund to finance early-stage startups producing products and technologies that advance values such as privacy, inclusion, transparency, and human dignity.
“Mozilla Ventures is about fueling companies and products that put people before profits,”
"For Mozilla, from the start, their soul has been intertwined with privacy, identity, and the ethical use of technology from equitable access to balanced opportunities,”
“So from that vantage point,” she continued, “the soul of personal sovereignty and respected identity could very well be seen as being lost.”
“TikTok became wildly popular because it was a more engrossing entertainment experience than Instagram,” he explained.
“TikTok became wildly popular because it was a more engrossing entertainment experience than Instagram,” he explained.
Mozilla Ventures is slated to launch officially in early 2023.