The best internet platforms enshittify when they take on VC funding, either exiting to the market or a larger acquisition as a result of the pressures of venture capital.
It’s all downhill from there: Investors and leadership will strip the company for parts, enforce mass layoffs, sabotage the user experience, all in the name of maximizing returns.
What if Perfectly Imperfect took a different route, and exited to its community of users, paid subscribers, and workers? What if PI became a solidarity cooperative, or something similar?
Let’s think about how to safeguard the legacy of this clearly beloved platform.
