Thing i learned about raising capital it, you need to build or have a network. Thats YC is great, accelerators, incubators help you do that. Network and story you tell. Also, every stage you raise, you have to make sure the folks you raise from help you craft the narrative for thr next round.
I think if you have a healthy busy growing well, you shouldnt raise unless you have ambition and urge to go faster.
Irony of thr market is, just like tinder 20% of the companies attract all the attention rest of them try to gran the attention. Those who need capital get the capital, those who need the capital die trying.
> I think if you have a healthy busy growing well, you shouldnt raise unless you have ambition and urge to go faster.
My previous employer was like this. A 20yo company with a nice always increasing ytoy growth. The CEO told for 20 years that he would never raise any money. It was an incredible place to work : nice compensation, product and consumer centered, we had time and means to do the right things.
Until the CEO changed his mind and raised money anyway. But we didn't have to fear anything because those investors were very different and not like the other greedy ones.
Well I'm not working there anymore for a hella lot of reasons that are just the same as everywhere else.
But at least the CEO who was already rich is now incredibly rich.
> VC by default are founder friendly in my experience.
Founders are only one stakeholder. There are employees ( I think they fall into that category ), customers, suppliers, and the wider society.
It all comes back to why does the company exist - and for which stakeholders. I think that's the point the original author is making.
I don't buy the argument that making money in the end is a perfect surrogate for overall good - it's not - it's an imperfect surrogate - and to pretend it is a perfect surrogate is just an excuse to behave like an arsehole.
To make that concrete, let's say you are a chemical company making paints - really important job, paints are needed the cheaper you can make them, the more people can have them etc, but if you knowingly pollute a local river just because you can get away with it and increase your profits - saying that increased profits justifies polluting the river based on the assumption that river pollution is correctly priced ( free ) is an obvious convenient excuse to be a selfish arsehole.
I dont this wisdom can be applied generically. Lets consider your example, if leader or founder comes across the fact that a river is getting polluted whether it makes profit or not, they will not take that decision as it would impact longer term.
What you are mixing is founder led business vs ceo led business. CEO often takes a short term view, when stakeholders are PE Firm, wall street, short term gains are prioritized. But for, a long term investor, would not incentivize you to take calls that would harm in long run.
What could be wrong is that, you wouldnt know all the consequences and causality of your decisions and thats very human thing in my opinion.
Clearly LLMs are tools which can be used for good or ill. The supplier of raw chemicals to the paint factory isn't really responsible for the river pollution.
However you are right to point out there is a problem. Typically societies ( via governments ) try and fix by appropriately pricing the behaviours via regulation/laws ( fines or prison for the people doing it ).
However making regulation/laws is hard. What's your proposal to fix the problem you've identified?
> I think if you have a healthy busy growing well, you shouldnt raise unless you have ambition and urge to go faster.
This is the reason why I don't wish for VC investments if I do something preferably.
Also I feel like your comment is highly accurate, I feel like this narrative though can sometimes be the only thing that matters, something like a vibes based economy.
I don't like this so much because some idea's technical prowess is taken at the back seat while its the marketing which ends up mattering, like many other things, it feels like that tends towards something akin to influencer level marketing and its something that I sometimes personally dislike.
To be honest, the reason why I am seeing YC investments especially from say people my age 18-19, is that, it is becoming a point of flex for them and just a capitalization of hype that they might have. It really does feel like it to me that when we boil down people and interactions sometimes into how much money they have, we lead inevitably to societies like ours.
The network is something that I understand can be hard to make though. I do believe network plays a role and I do feel like I have bootstrapped my own network by just talking with people online and helping, but I do believe one issue in that, that particular network isn't my business market sadly, and I do feel unsure about how to network to them and so I would be curious if others face somewhat of an similar issue.
I am twice your age so i would assume i have some wisdom here.
Flex often dont translate to value. I often say dont look at what others are doing, head down focus and execute. Raising capital is actually the starting point, i would say it is not an achievement.
I think anyone can network. You dont have to be sales person, you have the increase your probability to be in the right place at the right time.
Thanks for responding, I had to think properly as to how I may respond so thus the delay but here are my thoughts.
I feel like, my issue which can be a more society based issue is that we are all at the end of the day too busy with ourselves which can be fine, but what this leads to is that even with my extended family, I have seen people treat just a slight but observable way differently to elder cousins, one who make money and who doesn't and I do believe that cousins who might not earn money in the moment already have stress but it piles it on them maybe just a bit more too.
So I think that most of the world just somehow tries to quantify a person with one dimensional quantity sometimes, and this is why we see people whose only metric is to reach that goal and I am starting to feel like, its not the technical rigor or passion which matters sometimes but basically something akin to influencer-style marketing (Cluely has basically become a skit channel which has hundreds of millions of dollars by a16z I think)
And I feel like what this influencer-style thing is leading to is that our society, as a whole and people who build things, are jumping on the latest trends even when not understanding them (Claw-code was essentially the peak point of this-all) and we are basically adopting all the things wrong with the influencer-style culture and things are getting even more alienated from reality.
Our Industry/World-in-general is having grift and I am not saying it never had grift but I am witnessing something similar to algorithmic form of rage-baits being created by some people for them to not be left behind and we as a society, are now lacking the ability to have discourse with nuance in many-times/places.
> you have the increase your probability to be in the right place at the right time.
I completely agree with you but I do sometimes wonder if I am on Hackernews or if it is the right place. I mean, I am here first and foremost because I like talking here but from that viewpoint you mention, I have sometimes wondered if I should use twitter but I refuse to use it pretty much for most things simply because I feel like I would be yet another part of this cycle of rage-bait and being sucked into it and I am not sure if it would be well worth it. I am not sure if twitter etc. are worth it and I feel like even with things like Youtube etc., in both of these it becomes a very number game with things like followers etc.
Atleast within Hackernews, you don't have the concept of followers, so at one hand it is great but on the other, I question from that perspective if HN is the right place and where do you find people for businesses. Linkedin perhaps?
So in essence, I think I would say that I am unsure about the probabilities and what definition of right means. I would love it if you can talk more about it and thanks for commenting that comment, I appreciate it and I wish you to have a nice day!
Our view on Peec is that it is an analytics solution. They recently did launch an actions feature. But they do not take any actions (yet). Creating content takes a lot of resources. And agencies are expensive.
See my other comment. Logs are just one small symptom of a larger problem of poorly integrated very complex services where the complexity is pushed onto the users and not properly managed by Amazon. Which sounds very much like the problems with Azure.
Recently tried using Entra ID. There are 12 ways to enforce MFA, 20 days ways to disable users, 4 ways to authenticate users, Add conditional access stuff with 50 variables and templates etc.
You can customize the way you want. After configuring it, my colleagues could not log in. Thats one way to secure your organization.
Out of all the SSO login flows Microsoft has to have the buggiest. It’s the only one I can remember routinely having issues with. Why are there so many redirects? And why doesn’t the “remember me” checkbox ever work?
It is also the only SSO flow I have ever seen that fundamentally cannot work if you have more than one account remembered on your device. So far the only way I’ve found to get it to let you log out of account A and then log into account B is to clear all cookies otherwise it gives you permission denied errors. Have no idea how it can be this horrible
I just run completely separate browser profiles to separate work and personal stuff. And I still sometimes need private mode or a throwaway profile to get some random thing to work.
I use temporary-containers on firefox and they are a marvel for working with microsoft's stuff, which absolutely doesn't anticipate two accounts working on one browser.
Of course "open in incognito mode" works for this as well, just less automatic.
I am not sure how, but at one point even private browser mode would still have me logged in to Entra ID. Couldn’t log out of main browser and same session would follow me to private.
I haven't seen it in a while (perhaps mostly because I'm in Google stuff way less than I used to be) but for years multiple Google sites would get in a state where its auth would route me through about twenty redirects in a loop and never actually finish authenticating me. Clearing cookies and re-logging-in from scratch was the only fix.
Youtube was always involved, somehow, for some reason, even when what I was doing wasn't connected to Youtube at all or the account I was using had never even been intentionally used with Youtube. It'd route me through a few Youtube domain names.
(Microsoft's is indeed even worse, on some of theirs [Azure Devops, looking at you] I can't use them in pinned tabs because somehow they manage to get into a totally broken state where the page won't load due to whatever's happening with their auth flow in the background, and no method of reloading the tab fixes it, and it does this every couple days—but copy-pasting the same URL to a new tab does work)
And then sometimes the "switch user" prompt doesn't work but it automatically logs you in with the wrong account to a system that account doesn't have access to, then drops you in a non-interactive "you're not authorized" screen. You have to find a working page, log out, then go back and try logging in...
Speaking of redirects, I haven't been able to use Outlook 365 in Firefox for years – every single time I get redirect after redirect, only to then end up on yet another log-in screen. Meanwhile, in Chromium-based browsers everything works fine.
The problem is modern MS doing three contradictory things at the same time:
- FB's move fast and break things. Constantly launching new libs.
- Linus's we do not break user space. Great commitment to backwards compatibility.
- Never deprecating dead products until they've been de facto abandoned for like decades.
This combination means every MS product is a labyrinth of overlapping APIs with no guidance as to which one is actually the good one. Some are abandoned garbage, some are brand new and incomplete, and some are both, and there's no way of knowing which are which even experts can mislead you.
Well said. It feels like Microsoft is willing to release the intern’s poorly thought out product, and then commits to support the garbage design for all time.
Microsoft, you are a behemoth. There are few domains where you actually compete. Give your products a minute to breath before you cast them in stone.
Exactly! I can’t even count the number of times we’ve been in the discovery phase of a project and see “Oh this MS product does that! Cool”. Then when we get to the actual implementation realize it’s a broken mess. It’s sales driven software development, they just need to get you far enough along to sign the contract, then it’s too late to back out.
same experience for us, and then they email the living shit out of you about how your weekly entra id stats are good or bad, and you can not opt out of these emails.
I remember trying to buy $9 worth of Minecraft In-app Whatever for my kid, and the goose chase Microsoft put me on just to log in and buy something was totally out of this world. I ended up needing to contact their fraud department around step 74.
I did it for my kids to have accounts and I do not understand how anyone who hasn't built a Gentoo from Stage 1 has a prayer of managing to buy Minecraft Java Edition for their kid, and making it actually work.
Then you've got the hell of overlapping permissions systems on the console and the Microsoft account, to get any amount of online play working on a console if you also get Bedrock. On the Playstation, especially, the error messages also love to not tell you which of the two systems is blocking you, so you get to guess. And Microsoft's site for managing those permissions is so confusingly-laid-out that even after doing it three times in a row I still felt lost on it.
I never did solve the problem of getting Minecraft Java Edition to run on a kid's MacBook with allowlist-only Web access. It wants to contact ten or so apparently-randomly-selected-from-an-enormous-pool IP addresses on every launch. I never did find documentation of which IP blocks I needed to allow, and couldn't guess at it from the IPs themselves. If they'd just used domain names... I must have manually hit "allow" a bunch of times during twenty separate launches, and it was still presenting me the same number of prompts every time, because there was no overlap in the IPs contacted (adding insult to injury is that I'm sure all but at-most two of these were spyware horse-shit that had no actual generously-necessary role in running the software, but it'd fail if it couldn't reach them)
I was supposed to have a license through my alpha build purchase but microsoft made it impossible to transfer over. So now I just see it as my right to pirate the game until the end of time.
I think if you have a healthy busy growing well, you shouldnt raise unless you have ambition and urge to go faster.
Irony of thr market is, just like tinder 20% of the companies attract all the attention rest of them try to gran the attention. Those who need capital get the capital, those who need the capital die trying.
Enough friday pessimisim.
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