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Y Combinator backed MMO metaverse game is a blatant scam

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Re: Y Combinator backed MMO metaverse game is a blatant scam

#191
post #22

Earlier quoted context omitted.

Which is why I suspect the title will be changed, even though it is relevant to the discussion.

It is an editorialized title and should be changed.

What's worse, you don't agree with the title, or somebody at YC blatantly engaged in nepotism to let some two-bit scam artist fraud use their name to bilk ordinary people out of money? Priorities, in order.

Re: Y Combinator backed MMO metaverse game is a blatant scam

#192

Earlier quoted context omitted.

Ultima Online could do 100+ visible people back in 1997. But I don't believe WoW could do it now, the last time I played WoW, early last year, in a large raid, there would be spells cast from invisible people because the characters wouldn't even load.

The lag around the Britain bank when busy (even sometimes Moonglow bank) made it nearly unplayable though, and the game was only 2D.

I remember on a player run server (Novus Opiate) we had a random battle one day of red vs blue and we had about 80-100 people in Britain run through a portal into Buccaneer's Den, slaughtering all the reds, and all the reds banded together to kill the blues. It was well over 100 people with minimal lag, with most people on 56k modems.

But Britain bank with lots of people was always laggy. Especially if there wasn’t a server reboot in over a week.

Re: Y Combinator backed MMO metaverse game is a blatant scam

#193
post #189
post #180

Earlier quoted context omitted.

Well, here's one: https://www.forbes.com/sites/alexkonrad/2021/03/08/zapier-bo... . Sorry I don't have a list for you, but HN seems to have warped my memory in strange ways. I'm sure that YC has funded at least dozens, probably hundreds of profitable companies, including many that people wouldn't remember, because they found a lucrative niche for the founders and a small team (or maybe even just the one or two founde…

Seems like a deeply tedious topic, but it sounds like the argument is that the small number of (claimed) profitable companies have basically ignored whatever it is you tell them to do. That's a great pitch.

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Re: Y Combinator backed MMO metaverse game is a blatant scam

#194
post #189
post #180

Earlier quoted context omitted.

Well, here's one: https://www.forbes.com/sites/alexkonrad/2021/03/08/zapier-bo... . Sorry I don't have a list for you, but HN seems to have warped my memory in strange ways. I'm sure that YC has funded at least dozens, probably hundreds of profitable companies, including many that people wouldn't remember, because they found a lucrative niche for the founders and a small team (or maybe even just the one or two founde…

Seems like a deeply tedious topic, but it sounds like the argument is that the small number of (claimed) profitable companies have basically ignored whatever it is you tell them to do. That's a great pitch.

In my YC batch (I was in the same one as dang and Airbnb), the issue of revenue/profit was what the partners talked about the most. Growth too, but profitable growth. Like, it was talked about all the time in the batch. That was particularly important in our 2009 batch due to the financial crisis, but it remained important later in the good times - see PG’s post “Default Alive or Default Dead?”.

Though it took us a while due to engineering challenges, our company survived and became profitable by minimizing spend and focusing on revenue/profit, just as YC advised.

This notion that YC backs/encourages companies to flush money down the drain is a mistakenly applied stereotype spawned from a combination of different eras, different companies and different investors. Notably, YC has never been involved with companies like Uber, WeWork or Theranos, or any other company that SoftBank has tried to artificially pump up by pouring billions of dollars into.

Re: Y Combinator backed MMO metaverse game is a blatant scam

#195
post #7

If you're thinking "how bad can it really be?", please treat yourself to watching a couple minutes of "gameplay". It's incredible to me that this project got any VC backing. 2 man team with barely any background in game-dev are going to build an exceptionally ambitious MMO? The red flags ignored are just absurd.

Slack came out of a failed attempt to build an MMO. Tech cofounder apparently has some reasonable credentials and particularly if he's known to people within Ycombinator it doesn't seem absurd at all to me that they'd invest largely on the basis of "guy we know to be reasonably competent wants to try his hand at entrepreneurship". Like its a hundred grand. They throw that at all sorts of companies. This aint softbank…

The amount of work and expertise that needs to go into this project is staggering.

It is hard for me to call anyone competent, when they are either this delusional, or purposely setting up this scam.

Edit: taking peoples money through kickstarter like this is the main scammy part here I guess.

Re: Y Combinator backed MMO metaverse game is a blatant scam

#196

Earlier quoted context omitted.

The answer to your question in isolation is no. However people with some experience in game development would largely agree that these people can't have believed they were going to deliver it, and YC certainly should have known.

I’m sure they believe they can do it. You underestimate the confidence of privileged youth.

It is indeed possible that a total newbie in gamedev can think they can build an MMO on their own, it happens all the time.

But that adult investors fall for this, is beyond belief.

Re: Y Combinator backed MMO metaverse game is a blatant scam

#197

Earlier quoted context omitted.

"Invest in the team" gets you Juicero. Great ambition; they raised a bunch of money. Great production; watch a tear down of the Juicero product itself, it is a mechanical work of art. Great potential; a SaaS for a fruit drink? Lots of people love fruit drinks! They can buy our packets of delicious pre-made juice, people drinking juice is a huge Billion Dollar Market™! Stupid Idea! You can just squeeze the juice out o…

YCombinator doesn't put in that much money though. I'm sure they don't intentionally fund scams or juiceros, but if they do, that's not the end of the world. It's a bigger deal to miss the dumb thing that turns out to be good then to accidentally fund a few dumb things.

Totally agree not trying to be critical of YC. Situations like Juicero, Theranos, this topic, et al scams, are interesting to observe.

Re: Y Combinator backed MMO metaverse game is a blatant scam

#198
post #72

Earlier quoted context omitted.

If you have to ask, I’ll go ahead and take a wild guess. I looked at the founder’s bios. A couple of white guys, think one worked at a few FAANGs - textbook archetype for ‘certainly people of this type know what they are doing’. Yeah, we do live in that world. This shit might be the most valid textbook case of white male privilege ever. Edit: I usually have a very high bar for throwing around while male privilege thi…

Plenty of reasons to actually criticize the company, without the intellectually lazy act of crying racial and sexual preference with no basis.

[deleted]

Re: Y Combinator backed MMO metaverse game is a blatant scam

#199
Maybe this is only funny in my head, but I suggest to the VC's to go to some GameDev forums and start funding the total newbies that ask "I'm gonna make the best MMO out there, where do I start?"

"Crazy idea, but it will be worth billions when they can pull it off!!!"

Re: Y Combinator backed MMO metaverse game is a blatant scam

#200

Earlier quoted context omitted.

Actually it makes a huge difference. You haven't played WoW have you?

To the people downvoting me, I only said that because his response was directly about somebody mentioning World of Warcraft. In WoW, if they only limited you to seeing 50 people the game would feel completely different when you go into cities and do open world PVP and such. It would literally break the game. In fact when they released WoW Classic they had a new technology they called layering where even if you were i…

On HN to uphold civil discussion it’s best to avoid dismissive references and assumptions directed at “you”. Best to address the idea alone with your example/argument, rather than the imagined speaker. Otherwise it can be interpreted as needlessly antagonistic and will be downvoted.
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