Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

So fork of the fork got funded. Interesting. Now I believe it is true that "you don't have to have even a product"


This is crazy. And then I hear about solid products/companies that don’t get any/very little funding at all because it has no “AI” and it baffles the mind.


Funders are betting on founders. They see somebody willing to take shortcuts and ride hype trains, turn good faith projects and pass them off as their own innovation, and the see the kind of sociopathic organization that has the potential to "become the next Uber."

They aren't funding the viability of the product, they are funding for a take of future earnings of the morally bankrupt or the righteous will of the hopelessly naive. In either case, it's all about how effectively they can affix a leash.

Rent-seeking over value-creation.


YC filters for companies for gorillion dollar missions / solve gorillion dollar problems.

A mission that is, "I have an AI, input is business plan, output is entire IT infrastructure" is what YC sees here. i.e. programming as a field (quite a cost center) is no longer needed, ironically. Because of that the bar is low. Honestly if anyone is reading this, if you find a very clever novel way to go after this, surely you would be funded


This sounds like the preamble to a Michael Lewis story to the next tech bubble.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: