On February 16th, free speech platform Gab announced in a blog post that they’re launching what they’ve dubbed as “The Parallel Economy Fund,” which aims to fund the likes “early stage startup businesses who are working to solve a set of problems in the Parallel Economy.”
Red Voice Media has reportedly extensively in the past about Gab’s effort to help foster what’s been labeled as the “parallel economy,” where company CEO Andrew Torba has been both working himself and urging his followers to bring about this cancel-proof economy.
Now the latest effort in this regard comes by the way of “The Parallel Economy Fund,” where Gab outlined in their blog post intentions to help fund startups in “technology, media, healthcare, finance, or a few other areas of interest to us that we will elaborate more on in the future.”
In terms of specific areas of interest outlined thus far, the post from Gab detailed a list of ten active areas they’re focused on:
- Making Bitcoin more user friendly and privacy focused for everyday use
- Censorship resistant shipping & logistics
- 3D Printed 2nd Amendment protection
- Decentralized Christian healthcare options
- Software for homeschooling parents
- Distributed pasture grazed meat distribution and butchering
- Christian Entertainment/Content
- Mesh networks, radio technology, and alternative forms of off grid communication.
- Technology for Churches and planting Churches
- Christian AirBnb
Gab noted in their release that they’ll “invest 25-50k in startup capital, Gab Ads credit, Gab Cloud services for free speech hosting services, and access to the Gab community of entrepreneurs for mentorship and help with scaling and distribution.”
Speaking with Breitbart News about the endeavor, Torba explained that measures such as “The Parallel Economy Fund” are key in helping those wishing to escape the confines of the “woke economy.”
“Our objective with Gab.vc is to turn early stage startup investing on its head. Incredibly talented entrepreneurs want to build solutions in the Parallel Economy alongside Gab and we can help them do it. We are going to provide them with startup capital, distribution, free speech hosting infrastructure on the Gab Cloud, advertising credit on the Gab Ad network, and the mentorship and community of the tens of millions of people who use Gab every month.
“With the distribution and infrastructure of Gab we can launch and scale startup businesses to tens of millions of people who share their values instantly. We’re building a network of builders who are tired of the woke economy and want to usher in new alternatives that are owned and operated by people who share their values.”