262

Proton CEO official response:

Hi everyone, this is Andy here (Proton founder/CEO). Just got alerted about the news, and wanted to respond to some of the comments along the lines of "how do we know Proton won't sell out?"

The truth is, you can't know for sure, but Proton is structured in a way that provides a strong assurance, and we'll be sharing more about this some time in the next month. But for all intents and purposes, it really isn't possible for Proton to be acquired.

Proton is not a product of silicon valley, but a crowdfunded project that was conceived at CERN. Proton doesn't have VC investors (so no pressure to sell), and Proton is profitable (so no pressure from finances). To this day, it continues to be managed and run by scientists, and nobody goes into science to get rich.

Finally, Proton has scale with 100M+ accounts and 400+ employees. Frankly, if the goal was to sell and make a bunch of money, it could have already been done long ago. Instead, we push onwards.

Our work is brutally difficult, with daunting challenges every step of the way, and only the true believers stay on the path for this long. If money was the goal, we wouldn't have done any of the things listed on this page (https://proton.me/about/impact) much less given away over $2.7 million to aligned organizations

This year Proton happens to turn 10. We'll probably never be the cheapest, the most flashy, or maybe not even the fastest. But we will strive to be the most resilient. For as long as there's this community of users supporting our work, we're not going anywhere. In fact, the ideas and values we share together, may even win the future of the web. For that reason, we're eternally grateful for your support as we fight the hard fights.

source: reddit

you are viewing a single comment's thread
view the rest of the comments
[-] dazo@infosec.exchange 24 points 10 months ago

@Rookwood @testeronious

Tuta seems to be driven by idealists and privacy activists as well. AFAIK, they also don't have venture capital and their user base of paying users is what keeps them alive. Which is also why it's still a small company.

I don't recall how Tuta got their initial funding to get startet. I don't think they were crowdfunded in the same way Proton did.

But the idealsism goals of both Tuta and Proton is what generally makes it less likely they will sell out.

AFAIR, Skiff was VC funded. The idealism of the founders are easily ignored when the VC backing wants to cash in on their investments. And that's what happened here, in some way or another.

this post was submitted on 10 Feb 2024
262 points (99.2% liked)

Proton

5378 readers
46 users here now

Empowering you to choose a better internet where privacy is the default. Protect yourself online with Proton Mail, Proton VPN, Proton Calendar, Proton Drive. Proton Pass and SimpleLogin.

Proton Mail is the world's largest secure email provider. Swiss, end-to-end encrypted, private, and free.

Proton VPN is the world’s only open-source, publicly audited, unlimited and free VPN. Swiss-based, no-ads, and no-logs.

Proton Calendar is the world's first end-to-end encrypted calendar that allows you to keep your life private.

Proton Drive is a free end-to-end encrypted cloud storage that allows you to securely backup and share your files. It's open source, publicly audited, and Swiss-based.

Proton Pass Proton Pass is a free and open-source password manager which brings a higher level of security with rigorous end-to-end encryption of all data (including usernames, URLs, notes, and more) and email alias support.

SimpleLogin lets you send and receive emails anonymously via easily-generated unique email aliases.

founded 2 years ago
MODERATORS