Kim Dotcom Planning To Invest In Privacy Startups

from the actions-have-consequences dept

We were just discussing how there's a sudden renewed interest among many entrepreneurs to build much more security and privacy conscious apps. In that post, we noted that Kim Dotcom's Mega is working on encrypted chat and email, but it appears he wants to go much further. He's now announced that he's starting a venture capital fund for privacy-focused startups as well. Of course, it will be interesting to see what the actual details are and what comes out of it, but it's yet another sign that the revelations that have come out about widespread government surveillance many lead to a much needed refocusing on how to build much more secure and private systems in this digital era. It seems odd to think that, indirectly, the US government's highly questionable legal assault on Dotcom may eventually lead to the funding of a variety of applications and services that block out the US government's prying eyes.

Filed Under: investments, kim dotcom, privacy, security, venture capital
Companies: mega

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  1. icon
    Jeroen Hellingman (profile), 16 Jul 2013 @ 4:54am

    The number one problem with security for consumer level products is that most users either don't care or don't know about security. I've been able to send PGP encrypted email for years, but nobody to receive it, except for a few.

    The second problem is to make a system that is secure, even in the face of gross end-user negligence and ignorance. It should be much simpler than the products currently available, without the need to educate end-user more than the obsolute minimum.

    The third problem is how to make your product stand out, and guaranty it is really secure, as opposed to just security snake-oil, and robust against skilled and determined counterparts...

    These requirements are quite conflicting, and will make it really hard to get something off the ground that really works. Now only if the copyright trolls would become far more aggressive than they are today, we would have some better feedback on the effectiveness of privacy tools...

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