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by gburt 3040 days ago
So, where did the $50 million come from?

That is a significant amount of money for what has been a handful of people, not taking venture capital, now operating as a nonprofit to "secure communications."

1 comments

The article isn't directly explicit, but

> Today, we are launching the Signal Foundation, an emerging 501(c)(3) nonprofit created and made possible by Brian Acton, the co-founder of WhatsApp

Brian Action funded it himself.

Makes sense only if he didn't spend the $19,000,000,000 on one go when FB bought WhatsApp.