The only time I ever hear about Product Hunt is in the once- in- a- blue- moon posts like this I see about it on HN.
Do people take PH seriously?
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Just as a consumer, in my mind PH is just a place with some links to newly launched "stuff".
People seem to want to hit the top of PH and HN but at the end of the day both are probably as valuable as a medium-popularity subreddit if you're just looking for advertising. One difference being that HN comments have always seemed more (for lack of a better word) worthwhile.