The Internet was an amazing innovation. It was the world's first 'decentralized' communication system. In a simpler time, the Internet's ad-hoc was designed to combat censorship. It was designed to withstand the forces of onerous governments and corporations. But as the Internet matured, the limits of its initial design are becoming obvious. We believe what was once considered decentralized, is no longer decentralized enough. The free and open Internet has become increasingly controlled and closed. The freedom brought to us by the Internet, and the economic expansion it offers, is under threat.
We believe neutrality was the primary driver of the Internet's early success. With neutral access, came open competition. Through this competition, users and businesses were enriched at expense to incumbent powers. But yesterday's maverick enterprises are today's incumbent Goliaths. Much like the incumbents of our past, these institutions are starving newcomers.
Thankfully, there are promising new solutions. With these solutions have come promising new regulatory opportunities. Market forces are changing and the time is right to begin work on a new foundation. What follows is a chance to participate in the development of a bold new platform.
Gab was founded on the basis of pushing the limits to what an alternative social network can achieve. Gab's success has been achieved by pushing these limits.
Gab's team has a track record of success. Unlike most teams, our competency is earned and real. To provide the features we need, and to ensure equal access by similar service providers. Open standards are what allowed the first generation of Internet apps to grow to the size they are today. Open standards will empower the next generation of services to displace incumbents. We seek to share our growth, with investors, and others in the modern Internet community.
So why is now the time to build this alternative social networking platform? The JOBS Act. Traditional venture capitalists are the usual path to fund large engineering challenges. But the risks of free speech are incompatible with the Venture Capitalists that brought us here. With the JOBS Act, there's now an alternative path. Our solution is to embrace the support of the US government, via the path set forth by the JOBS Act. Our pursuit is noble, and in the tradition of American Free speech standards. By legally soliciting investors, we offer accountability alongside an embrace of American ideals.
Now is the time to renovate the Internet. To fulfill its noble promise. To maintain a system by which everyone can pursue what we believe to be humanity's most virtuous goal: the right to speak freely.