And that ultimately is also why I don't view bsky with much optimism. When they run out of venture cash, they will either go belly up or give up control of the broker to become a surveillance capital device.
And I think we know which one they'll choose.
Either way, the fate of the network is tied directly to the fate of the company. For all their talk about openness and federation and whatever, this fact is by design. It's their network, and neither can survive without the other.
Which means it's ultimately not so different from cohost. Except I always put a lot more faith in the principles of the cohost devs.