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The fact that this VC firm didn't provide bug bounty for such a gaping hole does not instill trust.

by j-bos 2y ago

renewiltord 2y ago
Yes, if they can’t do web development what does that say about their ability to deploy capital?
- pavel_lishin 2y ago
  If my endodontist can't rebuild a car engine, what does that say about his ability to perform a root canal? Turns out, not much.
  - kjkjadksj 2y ago
    Not a great analogy. Its more like if your endodontist hired a secretary who leaves the medical records unlocked, do you really trust them to be up to date with modern dental sensibilities when the rest of their office is ran so carelessly?
archagon 2y ago
Unsurprising given that the founders are Trumpists now: https://siliconangle.com/2024/07/17/co-founders-andreessen-horowitz-giving-full-support-trump-campaign/ https://siliconangle.com/2024/07/17/co-founders-andreessen-h...
- notfed 2y ago
  Billionaires like tax cuts for billionaires; go figure.
  - TeaBrain 2y ago
    According to the article, the decision to back him was due to the 2025 tax plan to tax unrealized gains, which I hadn't heard of, but I'm not surprised that he wouldn't be a fan of that, given that his entire business is built on investing in companies, and that these investments on the part of founders and investors are unrealized. It does seem like it would de-incentivize much of the startup and venture capital economy.
    - specialist 2y ago
      I'm not smart enough to understand finance and so forth. So can't comment on that 2025 tax plan. I do know that "Bidenomics", aka the torrent of federal money (CHIPS Act, Inflation Reduction Act, EPAs new "Green Bank", Dept of Defense's retooling, etc), has been a huge boon for startups. I would have thought a group of savvy entrepreneurs like a18z would join the renewable energy and domestic manufacturing bonanza. But like I said, I don't understand finance. So I'm sure a17z have their reasons to sit this one out.
      - TeaBrain 2y ago
        I wouldn't be surprised if they would have been on board for most of the Biden era economic policies. I think it may have just been the possible industry repercussions from the coming 2025 tax plan that made A&H anxious, given that it could disincentivize the venture capital growth market.
- specialist 2y ago
  They believe Trump will be best for tech. Ironic, since Trump has pledged roll back our transition to renewable energy, curtail the use of EVs, etc. Maybe marca and ben meant Trump would be better for VCs and tech investors. Which would be true.

The fact that this VC firm didn't provide bug bounty for such a gaping hole does not instill trust.

by j-bos 2y ago

The fact that this VC firm didn't provide bug bounty for such a gaping hole does not instill trust.

renewiltord 2y ago

Yes, if they can’t do web development what does that say about their ability to deploy capital?

pavel_lishin 2y ago
If my endodontist can't rebuild a car engine, what does that say about his ability to perform a root canal? Turns out, not much.
- kjkjadksj 2y ago
  Not a great analogy. Its more like if your endodontist hired a secretary who leaves the medical records unlocked, do you really trust them to be up to date with modern dental sensibilities when the rest of their office is ran so carelessly?

archagon 2y ago

Unsurprising given that the founders are Trumpists now: https://siliconangle.com/2024/07/17/co-founders-andreessen-horowitz-giving-full-support-trump-campaign/ https://siliconangle.com/2024/07/17/co-founders-andreessen-h...

notfed 2y ago
Billionaires like tax cuts for billionaires; go figure.
- TeaBrain 2y ago
  According to the article, the decision to back him was due to the 2025 tax plan to tax unrealized gains, which I hadn't heard of, but I'm not surprised that he wouldn't be a fan of that, given that his entire business is built on investing in companies, and that these investments on the part of founders and investors are unrealized. It does seem like it would de-incentivize much of the startup and venture capital economy.
  - specialist 2y ago
    I'm not smart enough to understand finance and so forth. So can't comment on that 2025 tax plan. I do know that "Bidenomics", aka the torrent of federal money (CHIPS Act, Inflation Reduction Act, EPAs new "Green Bank", Dept of Defense's retooling, etc), has been a huge boon for startups. I would have thought a group of savvy entrepreneurs like a18z would join the renewable energy and domestic manufacturing bonanza. But like I said, I don't understand finance. So I'm sure a17z have their reasons to sit this one out.
    - TeaBrain 2y ago
      I wouldn't be surprised if they would have been on board for most of the Biden era economic policies. I think it may have just been the possible industry repercussions from the coming 2025 tax plan that made A&H anxious, given that it could disincentivize the venture capital growth market.
specialist 2y ago
They believe Trump will be best for tech. Ironic, since Trump has pledged roll back our transition to renewable energy, curtail the use of EVs, etc. Maybe marca and ben meant Trump would be better for VCs and tech investors. Which would be true.