In the latest FOSS project I’m starting, I’m not avoiding all “open core” supposedly FOSS projects. In my experience, they’re the projects most likely to do a rug pull and change licenses. If they cannot commit to their entire project being free and open, they are less likely to actually be committed to the principles of free and open software.

While I was quite excited about some of the ideas being discussed in this project, it being VC backed is a complete non starter for me. Your claims of being built in the open don’t make me feel any better, you will eventually need to make returns for investors.