They spent $35 million in 2022 to establish a venture capital fund... they are definitely using a lot more than 10% for BS not related to developing Firefox.
It would have been 5.9% of that year's annual revenue in 2022. It's not even from their annual revenue streams to begin with, it was a one time pull from their $1.2 billion (at the time) of total assets which includes a big pile of investments. Those assets actually grew by more in one year than the entire than the amount put into the VC fund. Also I thought we wanted them to be making side bets to position them for success in the long term?
There's also no cause and effect connection between the VC fund and their market share. It didn't siphon resources away from developers, and there's no such thing as a missing browser feature that would have restored all the market share had they simply not invested in a VC fund.
The 5-10% figure was in reference to 2021 but I think I was overstating that and the Mozilla Foundation actually gets something like 2% annually.
