Did they stop once they got the "angel investor" or before that point?
Putt decided to pull the plug after the angel investor pulled out. Fund raising wasn't considered because previous attempts at fund raising had had only moderate success, bringing in only enough to run the site for a few months. As well since then costs had increased significantly. They had been getting a break on Azure and Cloudflare (I think it was) but those stopped and it was now costing something like $30K a month to run the site.
People who have never run a site have no idea how much trouble it is. Add into that all the extra trouble of running a site like Voat and I'm amazed Putt lasted as long as he did.
30k? Is that right? That seems nuts.
Azure is incredibly expensive. Such a fucking ripoff.
I can pay $50per month for managed high spec vps
Or $300 for a lesser azure service. E.g the sql server is in a different physical location causing excess latency.
That doesn't seem right at all unless there was labor in the figure.
Yeah, I think Azure itself was 20K. Like I say they had been getting a break on pricing but it ended.
I think someone figured that Putt probably signed the source code away for funding from the angel investor. Then they backed out and Putt was left with nothing and couldn't talk because of the NDA they most likely signed.
Seems to make the most sense to me anyway. People came out of the woodwork to give money at the end. Could probably have floated it for a few months at least.
That or Putt was just straight up done dealing with Voat and didn't want to just come out and say he was sick of all our shit and the target on his back.
Main sponsor was bought by an Israeli company. Not out of the question that the angel investor went in a similar direction.
Didn't one goat figure that the voat bit coin wallet had $3 million in it? Not a bad reason to take the money and run before getting mossaded.
I honestly don't know - I don't remember if they had an investor as I was leaving or not.
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