Eugen Rochko, CEO and founder of decentralized social network Mastodon, is stepping down after nearly a decade at the helm and walking away with a sizable exit payment.
“Mastodon grew beyond any of my expectations,” he said. “The past two years especially have been overwhelming, and my mental and physical health have taken a dip.”
Rochko’s move has, by his own admission, been a while coming. In April 2024, the establishment of a US nonprofit was announced with a governing board of directors that included Twitter co-founder Biz Stone. Rochko also announced that his ownership of the trademark and other assets were headed to the nonprofit.
I know nothing about the European software market, but translating this in American, $100,000/year for a principal developer and lead of a project of this scale is like paying him 33%-50% of a US salary for those 10 years.
I’m a firm believer that people - including open source contributors - should be compensated for their time when an avenue exists that doesn’t compromise the integrity of the project. Mastodon an amazing platform and I wish him, and the project, nothing but the best.