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That's not what most people understand as "VC money" (https://en.wikipedia.org/wiki/Venture_capital https://en.wikipedia.org/wiki/Venture_capital).

carlosjobim 1y ago
What "most people" (Arch Linux enthusiasts I presume) think about it has no influence on the contracts between Kagi and their investors, and the laws the parties have to abide to.
- spacechild1 1y ago
  When I used the term "VC money" I obviously meant VC firms. It's not about the laws, it's about the underlying motivations.
  - carlosjobim 1y ago
    And how do you suppose that Kagi receives the money invested by their users? If you guessed by function of a VC firm, then you guessed right. These are legal and contractual proceedings, with strict definitions of terms by law, not by popular opinion in the hacker community. "Underlying motivations" of the investors is never a legal factor in any kind of investment deal. That's not something that can be accounted for by any kind of contract.
    - spacechild1 1y ago
      We're talking about behavior, not legal factors. Just because something is legally equivalent does not mean it is the same in all other aspects.
    - spacechild1 1y ago
      > If you guessed by function of a VC firm, then you guessed right. I would not have guessed that. Why would I need a VC firm to invest a few thousand dollars into a company?
      - carlosjobim 1y ago
        Because Kagi is not a publicly traded company, where anybody can invest. They raised money in the form of SAFE notes, in which case a venture capital firm is created (you can also call it a legal entity or a juridical person) and each investor owns a part of that firm in proportion to the money they invest. That firm in turn will have a contract with the startup company which details and regulates how the invested funds in the future can be transformed to actual shares.
        spacechild1 1y ago
        Thanks for the insight. But that's not how most people understand the term "VC money". So while you might be technically right, you are still (intentionally?) missing the point.

carlosjobim 1y ago

What "most people" (Arch Linux enthusiasts I presume) think about it has no influence on the contracts between Kagi and their investors, and the laws the parties have to abide to.

spacechild1 1y ago
When I used the term "VC money" I obviously meant VC firms. It's not about the laws, it's about the underlying motivations.
- carlosjobim 1y ago
  And how do you suppose that Kagi receives the money invested by their users? If you guessed by function of a VC firm, then you guessed right. These are legal and contractual proceedings, with strict definitions of terms by law, not by popular opinion in the hacker community. "Underlying motivations" of the investors is never a legal factor in any kind of investment deal. That's not something that can be accounted for by any kind of contract.
  - spacechild1 1y ago
    We're talking about behavior, not legal factors. Just because something is legally equivalent does not mean it is the same in all other aspects.
  - spacechild1 1y ago
    > If you guessed by function of a VC firm, then you guessed right. I would not have guessed that. Why would I need a VC firm to invest a few thousand dollars into a company?
    - carlosjobim 1y ago
      Because Kagi is not a publicly traded company, where anybody can invest. They raised money in the form of SAFE notes, in which case a venture capital firm is created (you can also call it a legal entity or a juridical person) and each investor owns a part of that firm in proportion to the money they invest. That firm in turn will have a contract with the startup company which details and regulates how the invested funds in the future can be transformed to actual shares.
      - spacechild1 1y ago
        Thanks for the insight. But that's not how most people understand the term "VC money". So while you might be technically right, you are still (intentionally?) missing the point.