We do often include affiliate links to earn us some pennies. See more here.

Well, this isn't something you read every day, a platform actually taking steps to be sustainable and not chase constant growth backed by investors.

More about Modrinth: designed as the place to go for Minecraft modding, trying to pull people away from the likes of CurseForge and other platforms with it's fully open source model. They have their own official modding launcher, but their API can (and is) used by multiple other launchers. Basically, it makes modding Minecraft real easy and their open model is great.

In a blog post by the Modrinth Founder, Jai, they mentioned how about a "year and a half ago" they raised $1.2 million in a pre-seed round of investor capital. They used it to hire more people which allowed them to launch features like "creator monetization, authentication, analytics, organizations, collections, the Modrinth App, and support for more project types, growing Modrinth’s user base fifteen-fold".

Pictured - Minecraft with Iris, Sodium and Complementary Shaders v4

Now though? They're going indie again and they've returned "$800k in remaining investor capital back to our investors". Why? The focus on "hyper-growth over maintenance" was causing issues for them, and "as we looked more into the future, we saw that the venture-backed cycle wouldn’t be the right path for Modrinth" due to investors naturally wanting a return and we all know how this goes. Growth at all costs, just look at the issues the game industry is facing as a whole with so many companies just firing staff to cut costs to ensure big profits continue.

As Jai said, "In short, forgoing the venture route would allow us to build Modrinth independently at a sustainable pace and put our creators, community, open-source nature, and values first, without having to worry about expectations of profit or growth".

Article taken from GamingOnLinux.com.
40 Likes
About the author -
author picture
I am the owner of GamingOnLinux. After discovering Linux back in the days of Mandrake in 2003, I constantly came back to check on the progress of Linux until Ubuntu appeared on the scene and it helped me to really love it. You can reach me easily by emailing GamingOnLinux directly. Find me on Mastodon.
See more from me
8 comments

Awesome people! Jolly good show.
hell0 Apr 5
It's a shame 7 (ish, inferring from the blog post) people got fired as a result of this. Hope they've been given sufficient time to find a backup plan.

Also, does anyone know how the "get 1200k, return 800k" part works? Sounds like investors just wrote off 400k out of good will.
Crasben Apr 6
Quoting: hell0Also, does anyone know how the "get 1200k, return 800k" part works? Sounds like investors just wrote off 400k out of good will.

It says in the comment from the founder of Modrinth that they've returned $800k in remaining investor capital. So they already had returned the 400k before the return of 800k
Termy 7 years Apr 6
Wow, some sense - i wish the corporate world would have more of that! ^^
Lanz Apr 6
This is how good business is done. It's too bad the government doesn't operate like this. Most of our taxes are pissed away on things that will never help us, with no hope of return. Our children will be debt slaves to a broken system until they die in this ponzi scheme we call society.
hell0 Apr 6
Quoting: Crasben
Quoting: hell0Also, does anyone know how the "get 1200k, return 800k" part works? Sounds like investors just wrote off 400k out of good will.

It says in the comment from the founder of Modrinth that they've returned $800k in remaining investor capital. So they already had returned the 400k before the return of 800k

I read remaining as "what's left after we used the money during a year", but you might be right and it would make more sense.
triphora Apr 23
Quoting: hell0It's a shame 7 (ish, inferring from the blog post) people got fired as a result of this. Hope they've been given sufficient time to find a backup plan.
You can send a private message to me if you want more information on that. Let's just say it was substandard.

Quoting: hell0Also, does anyone know how the "get 1200k, return 800k" part works? Sounds like investors just wrote off 400k out of good will.
The remaining 400k is now a special form of non-voting equity in the company. It is effectively worthless unless the company decides to go public, in which case it will be converted into voting shares.
hell0 Apr 23
Quoting: triphora
Quoting: hell0It's a shame 7 (ish, inferring from the blog post) people got fired as a result of this. Hope they've been given sufficient time to find a backup plan.
You can send a private message to me if you want more information on that. Let's just say it was substandard.

Quoting: hell0Also, does anyone know how the "get 1200k, return 800k" part works? Sounds like investors just wrote off 400k out of good will.
The remaining 400k is now a special form of non-voting equity in the company. It is effectively worthless unless the company decides to go public, in which case it will be converted into voting shares.

Thank you for the clarifications. The whole situation sounded a bit more murky than "let's not be rabid capitalists, rejoice!", and it indeed is.
While you're here, please consider supporting GamingOnLinux on:

Reward Tiers: Patreon. Plain Donations: PayPal.

This ensures all of our main content remains totally free for everyone! Patreon supporters can also remove all adverts and sponsors! Supporting us helps bring good, fresh content. Without your continued support, we simply could not continue!

You can find even more ways to support us on this dedicated page any time. If you already are, thank you!
Login / Register


Or login with...
Sign in with Steam Sign in with Google
Social logins require cookies to stay logged in.