It sounds more like a (more) viable (or maybe, more profitable) business model went against the founders/tech-experts ideals and a collision occurred. I think it is very mature of Frank not to speak out on the issue while still in a probably somewhat emotional state about it. I'm curious what comes out when the dust settles, a statement from people left at ownCloud would be very nice and appropriate...

Based on what I heared from someone involved, it's actually the opposite. They don't want VC money to come in and loose theirs influence in the decision making.

I'd guess the same. The new company is a GmbH (German version of a "Ltd." AFAIK), not a stock corporation. See also https://en.wikipedia.org/wiki/Gesellschaft_mit_beschränkter_...

There doesn't seem to be VC money involved with nextcloud. Spreed.com/me is funding the transition and stock will focus on being owned by employees it seems.

you mean even more vc, than there was already in the old inc.?

Apparently not. I stand corrected! :)