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@evan @hamishcampbell @_elena

Since they have $100M in the bank, 3 is probably a way off. AFACT, they are currently doing both 1 and 2 in parallel; if you look at their protocol engineers, I do believe they are really all in on 1, but much of the rest of the company is taking every opportunity to act in a decentralized manner and going in the opposite direction.

@ricci @hamishcampbell @_elena well, they had $100M when they raised money last year.

Crypto funds love to rollover crypto assets. So maybe some of it was in crypto, like Bitcoin, which has since dropped 25% against USD.

And they've been operating a tech startup with 20-30 staff and dozens of contractors, plus hosting costs which are somewhere in the $20-50M/year range, I'd bet.

If I had to guess on runway for BlueSky today, I'd say 12-24 months.