←back to thread

My open source project was relicensed by a YC company [license updated]

(twitter.com)
931 points sohzm | 1 comments | 04 Jul 25 02:04 UTC | HN request time: 0.343s | source
Show context
Havoc ◴[04 Jul 25 09:45 UTC] No.44462964[source]▶
To a casual outside observer the quality of the companies YC invests in seems to have absolutely cratered. Have they just given up on vetting and switched to a throw money at everything approach?
replies(5): >>44463085 #>>44463530 #>>44463993 #>>44464233 #>>44464316 #
seunosewa ◴[04 Jul 25 10:05 UTC] No.44463085[source]▶
My feeling is that they are investing in founders who they find impressive who are working in AI. Not so much in the uniqueness of their ideas.
replies(5): >>44463138 #>>44463174 #>>44463207 #>>44463378 #>>44463529 #
diggan ◴[04 Jul 25 10:27 UTC] No.44463207[source]▶
Isn't that a very outspoken objective of YC, to fund people, not ideas? Long time ago I caught up to what YC is doing, but even when I first joined HN back in like 2013 I think the whole "Fund people, not ideas" shtick was already explicitly what they were doing, unless I remember wrong.
replies(2): >>44463291 #>>44464108 #
danybittel ◴[04 Jul 25 10:41 UTC] No.44463291[source]▶
Isn't "fund people" just hiring without the extra steps?
replies(3): >>44463581 #>>44463893 #>>44464335 #
ibz ◴[04 Jul 25 11:32 UTC] No.44463581[source]▶
Isn't that what VCs in general are doing? Hiring for more money, with more expected gains from you, with a different kind of legal arrangement, but still hiring nevertheless.
replies(2): >>44463889 #>>44464048 #
1. close04 ◴[04 Jul 25 12:48 UTC] No.44464048[source]▶
Funding people means you trust the people are so good they will push any idea to success. Funding an idea means you trust the idea is so good it will push any people to success.

Funding people means having a lot of trust in them. What's unsaid is if the investor believes coloring outside of the lines to make everyone more money is a breach of that trust, or just the normal cost/risk of business.