Were the thousands of commits and hundreds of feature branches over the last 9 months just to keep up appearances, then? Were the 850 people who forked it in on the scheme, too?
Do you understand that when you raise money it doesn't go into your personal account?
Its not like you can move this money in your retirement account and sail into the sunset.
You can call it a bait but where is VCs due diligence for this. Most VCs where out there defending their infra layers investment. Just look at YC batches and see the inflated number of infra startups.
"Failure" is the expected median though. You can't due-diligence your way out of "startup ran out of runway"!
The discussion here isn't about funding, it's that there's a presumptively useful community tool which got abandoned because its owners took their toys and went home when the money ran out (instead of making a sincere effort at transitioning to community governance). That's on the IP owners being selfish jerks and/or grifting losers. It's not the VC's fault.
While most startups fail eventually, failure in less than a year with over 7 million dollars is not the expected median. It’s the exact sort of thing that due diligence is supposed to prevent.
Also the whole project is open source. If you want, you could take it over.
Were the thousands of commits and hundreds of feature branches over the last 9 months just to keep up appearances, then? Were the 850 people who forked it in on the scheme, too?
Well.. if that's it it's not really much to shown for if you spent $7 million on it.
It's not even clear they spent all the money. Maybe it just wasn't a viable product.
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Did Claude make the commits and branches?
(Honestly I don’t think so here, but I predict that will happen eventually)
Sometimes things just fail.
Do you understand that when you raise money it doesn't go into your personal account? Its not like you can move this money in your retirement account and sail into the sunset.
You can call it a bait but where is VCs due diligence for this. Most VCs where out there defending their infra layers investment. Just look at YC batches and see the inflated number of infra startups.
Right? I’ve been through due diligence and it’s neither a quick nor simple process, even for seed.
A great way to launder money then?
Which step of “VC firm with millions to invest” and “fresh grads blow millions on AWS bills, sushi delivery and ketamine” is dirty money being washed?
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Only if the CEO is the first man to step foot on mars. He gets to be immortalized, we get to watch him die living his best life.
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Please follow the HN guidelines.
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"Failure" is the expected median though. You can't due-diligence your way out of "startup ran out of runway"!
The discussion here isn't about funding, it's that there's a presumptively useful community tool which got abandoned because its owners took their toys and went home when the money ran out (instead of making a sincere effort at transitioning to community governance). That's on the IP owners being selfish jerks and/or grifting losers. It's not the VC's fault.
It's not on anyone to set up your favourite "governance" system. If anyone honestly wants to keep maintaining or using it the code is still there.
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While most startups fail eventually, failure in less than a year with over 7 million dollars is not the expected median. It’s the exact sort of thing that due diligence is supposed to prevent.
Also the whole project is open source. If you want, you could take it over.
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At least the repo is still available. Anyone can fork and carry on, create a community, etc.
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Which toys exactly were taken? The repo seems open source, is any component missing?
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