Comment by drawkward
1 year ago
If you are so inept that copying someone else's codebase wholesale is what makes you a viable company, then perhaps you aren't worthy of investing in.
Unless, the investor is just trying to fund the most ruthless, least ethical, win-at-all-costs type of people, which as I type this seems like a sad but unsurprising move.
This is exactly what VCs are looking for. They are going to hand you a check worth several hundreds of thousands to millions of dollars. They are not doing this because it's a charity; they are doing this because they are making a bet that they'll get some return on that investment.
This is the purpose of a VC: to deploy capital in a way that is likely to yield the greatest returns for the investors.
Right, we get it. But you completely ignored the commenter's main point:
If you are so inept that copying someone else's codebase wholesale is what makes you a viable company, then perhaps you aren't worthy of investing in.
From a VC perspective, probably all the better: you've just shortcut a huge phase of R&D and can get right into marketing and sales. As long as there's some viable route to clean up any licensing issues (there almost always is).
You're thinking ethically; without the shrewdness and single-minded focus on profit that VC's have.
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Spoken as if there was only one single binary option for investment!
The strategy implies that the marginal value of the lack of ethics/the personality type to do that is the thing thats worth investment. If thats true, then venture capitalism and perhaps capitalism itself is super fucked: a machine for developing and rewarding the worst impulses of humanity.
Investors cheer when Uber, Lyft, and UPS drivers are treated as contractors.
They frown when they try to advocate for more rights, better employment conditions, and better pay.
Such is the nature of modern capitalism.
The Costco's and James Sinegal's of the world are few and rare; I wish we'd see more companies and leadership teams that valued labor and were more ethical. But a survey of the most successful CEO's (Ellison, Zuckerberg, Musk, et al) and companies leads us to believe that such principles are often opposed to the machinations of capitalism.
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Yes. That's exactly what capitalism is.
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There’s also ego and fame at stake. VCs are hardly optimal.
Unless, the investor is just trying to fund the most ruthless, least ethical, win-at-all-costs type of people
Just, Devil's Advocate. But isn't that kind of a smart strategy?
Not saying it's "nice", nor even how I would do things. But I'd imagine many, many people get excessively wealthy investing in this fashion.
I’ve never looked into it deeply, but as I understand it the opposite is true. I’ve read in passing that statistically the most successful sales people are kind, insightful and find ways to align with their customers best interests. Likewise, I’ve also read in passing that economies with cultures of respect and collaboration far outperform ones that are very competitive.
Maybe someone has more information about those topics that me?
That's why I pointed it out. It's a perfectly legitimate explanation for this type of behavior. (And, imo, abhorrent and where capitalism-as-harnessing-greed really falls apart.)
As for "smart," I assume there are some not well understood externalities to this kind of behavior, such as erosion of trust or other social ills that are hard to quantify until they reach a critical point.
>As for "smart," I assume there are some not well understood externalities to this kind of behavior, such as erosion of trust or other social ills that are hard to quantify until they reach a critical point.
I think the externalities may be hard to quantify but they are well-understood by now (and are things like erosion of trust, which you mentioned).
Just look at the societal attitudes towards Silicon Valley now vs. 25 years ago. VCs complain about how society now so full of negativity towards technology, but they only have themselves to blame for that. They shit the bed, and people got wise.
Copying everything EXCEPT the license - they knew THAT needed to change at least.
Good point.
> Unless, the investor is just trying to fund the most ruthless, least ethical, win-at-all-costs type of people
This was probably the hardest realization I came to in business/startup world.
That's precisely what most investors (at least the ones with any large amount of money) look for. They could care less if your product is good, or if you developed it ethically, or if you treat employees or customers well.
Most would invest in the next Oracle and sleep like babies if given the chance to get in early - even if they had a crystal ball to see how badly it will impact the industry and social fabric as a whole down the road 20 years later.
Especially VCs. They exist to make money. Full stop. The rest is marketing fluff for the naive masses.