gringo on Nostr: There is a segment of the hacker community that believes that the *correct and noble* ...
There is a segment of the hacker community that believes that the *correct and noble* purpose of a startup isn't to build a stable company or find product-market fit, but rather to confuse VCs into temporarily paying some people to create the niche project they wanted to create anyway, but didn't have any way to keep the lights on while building; where the *correct and noble* end-goal of such a project is to avoid acquisition, use up all its runway paying the employee salaries, and, upon shutdown, open-source the IP (and hook the employees up with their next startup doing the same thing.) That "shutdown and release FOSS" step is seen by this segment as not only the *intended* outcome of the startup, but the entire purpose/mission of creating the startup in the first place. With any messaging to the contrary existing solely to make VCs complacent, rather than because the founders actually believe it.
- derefr on Hacker News:
https://news.ycombinator.com/item?id=34712126Published at
2023-02-09 01:11:28Event JSON
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"content": "There is a segment of the hacker community that believes that the *correct and noble* purpose of a startup isn't to build a stable company or find product-market fit, but rather to confuse VCs into temporarily paying some people to create the niche project they wanted to create anyway, but didn't have any way to keep the lights on while building; where the *correct and noble* end-goal of such a project is to avoid acquisition, use up all its runway paying the employee salaries, and, upon shutdown, open-source the IP (and hook the employees up with their next startup doing the same thing.) That \"shutdown and release FOSS\" step is seen by this segment as not only the *intended* outcome of the startup, but the entire purpose/mission of creating the startup in the first place. With any messaging to the contrary existing solely to make VCs complacent, rather than because the founders actually believe it.\n\n- derefr on Hacker News: https://news.ycombinator.com/item?id=34712126",
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