Comment by busterarm
5 years ago
Keep in mind sometimes YC is just betting on the team. Many founders have a reality distortion field that disconnects logic from the equation.
Lots of batshit has raised tons of money...like Theranos...or Star Citizen...or WeWork.
YC is betting not a large amount of money to get a piece.
There's no reason to believe this team will do anything.
Look at the guys LinkedIn and you'll see the graphic designer is a really bad graphic designer, look at the game itself, it's just an asset flip, they have no artists, the demo videos show no game play, but they're happy to show how you can chase your clout on their wall.
This project looks like Theranos, more than Star Citizen or WeWork.
Star Citizen was founded by the guy who made Wing Commander, he has a history with a product that actually was successful, It looks like they merely bit more off than they could chew, for example they released a road map for their road map, which reeks of middle management problems more than it being an outright scam.
WeWork had a viable product it's just impossible for them to monopolize on it so they were quickly beaten by their competition.
Saying "we believe in the team" just shows the people who a-okayed this were easily manipulated by scam artists, or are in on the scam themselves.
WeWork's _type_ of business is viable, but they way they've ran the business since day one was an obvious money pit and hardly makes objective sense.
The real estate deals primarily structured to enrich the founder should have sent investors packing, but greed for the unicorn overrode their self-preservation.
As a result they're enjoying a massive downgrade of their investments after pouring billions of good money after bad.
Sorry but Roberts has a long string of failures behind him and his games succeeded despite him. This is even worse than the present case since people paying for Start Citizen (I'm a pigeon too) should have known thanks to his long past of failures.
At least here we can claim they're virgins :D
> Lots of batshit has raised tons of money...like Theranos...or Star Citizen...or WeWork.
and all of them have not yet delivered much, or are frauds. If i were the VC, i'd be skeptical of founders with reality distortion fields. There are more fraudsters than there are Steve Jobs out there.
It's even worse that they saw this team and thought "these guys will definitely build a billion dollar business".