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They are just part of the signaling echo chamber now. No gutsy calls. When I started reading HN in 2010, it was all information about early stage tech. PG wa
by wtvanhest 8y ago
They are just part of the signaling echo chamber now. No gutsy calls. When I started reading HN in 2010, it was all information about early stage tech. PG was saying that founders can lead companies all the way and that founders should have the power.
Now they do... YC is just an average investor now with more scale. The next gutsy call or intuition is simply not there with the current team.
HN is a news site and I enjoy it for that, but the community has been moved to a private network and the current YC team is more focused on looking good than doing anything innovative.
- smcquade 8y agoWhat is the name of the private network?
- wtvanhest 8y agoIDK, all the CEOs of their companies have a separate platform.
- captain_perl 8y agoIt's called BookFace, and is a private social network-style platform for YC alumni.
- tim333 8y agoIn some ways they are more gutsy now. Under PG it was mostly people writing some software. Now they have supersonic jets and nuclear fusion. How that works out I don't know. Also Flexport's good. Think they're under Altman?
- wtvanhest 8y agoThe businesses they fund have been interesting (in flexport's case great), but far from gutsy given that they are only putting $150ksh per business. What I mean by gutsy is having a view that is at least slightly contrarian and then executing on that view. There is nothing contrarian about making power law investments. That is standard for any large seed/angel/A series investor. The ones that don't do that don't make any money.