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Bolt founder on Stripe/YC

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Re: Bolt founder on Stripe/YC

#91

Post by vmception »

sailingparrot wrote: post #86
ergocoder wrote: post #82

I can see why VC avoided Bolt's founder. A lot of his claims seem weak. I wouldn't work with a person like this either. The tweet about the fraud detection seems straight up false. People pointed out that Stripe posted it before Bolt. Can someone confirm? Even if Stripe posted after Bolt, it would be pretty damn strange for Stripe to write a blog within an hour.

> Can someone confirm? Hover over the dates in the links. Stripe's post [1]: 17:41 UTC Bolt's [2]: 20:08 UTC Considering this is the only thing he claimed to have "proof" on, and it turns out not only to be false but to be the actual opposite, this is really damning for the rest of his claims. If that was such a traumatizing event, how can one not think of checking the timestamp once in 4 years to at least know if yo…

Can we check internet archive? The database entries could be modified easily

Not to entertain the conspiracy, I’ve just done it before so it comes to mind

Re: Bolt founder on Stripe/YC

#92

Post by sombremesa »

AYBABTME wrote: post #63
parhamn wrote: post #10

I think if you get over the drama here and implied "dirtiness", the main result is still a bit interesting. Even if you exclude the implied carteling and take everything he said with a grain of salt, the outcomes of this incentive structure are clear: once SV (i.e. the YC centered VC machine) gets into a space and has a main horse, SV can no longer incubate new innovation/competition in the space. It can also very li…

Then why did Lyft and Uber, Dropbox and Box, come from SV, from the same time period? I just pulled these from my brain with little recall, which tells me your argument probably has a lot of contradictory examples.

The answer to this is probably FOMO (and it does work against GP's argument) — the VCs who missed out on the hot new startup will want to get on the second best rocket.

Re: Bolt founder on Stripe/YC

#94

Post by Aliabid94 »

tzury wrote: post #87

Never herd of Bolt till this post. That made me think, how come I've never heard of bolt up until this moment? Is their marketing so bad? They managed however to get to a poont of a "successful company with 600 employees, billions in GMV, and growing rapidly", right? I visit HN at least 10 times per week. So I decided to check how many posts have they posted on this site since founding the company. I currently see 4…

Also 3 of their 4 posts got traction, 2 of them with lots of discussion. I would bet this is better traction than most YC companies get.

Re: Bolt founder on Stripe/YC

#95

Post by mattmaroon »

I guess I’ve been out of YC a long time but I have a really hard time believing they are torpedoing investments in any company that competes with one of theirs, both because they wouldn’t want to and because they couldn’t.

This sounds like all the same shit I (and most founders) went through even when there was little to no competition.

I can totally see that somebody could easily misinterpret the craziness that is raising money, and endeavor I can only like into online dating. I’d need some pretty compelling evidence of this sort of collusion and there’s nothing given.

Re: Bolt founder on Stripe/YC

#96

Post by dang »

vmception wrote: post #91
sailingparrot wrote: post #86

Earlier quoted context omitted.

> Can someone confirm? Hover over the dates in the links. Stripe's post [1]: 17:41 UTC Bolt's [2]: 20:08 UTC Considering this is the only thing he claimed to have "proof" on, and it turns out not only to be false but to be the actual opposite, this is really damning for the rest of his claims. If that was such a traumatizing event, how can one not think of checking the timestamp once in 4 years to at least know if yo…

Can we check internet archive? The database entries could be modified easily Not to entertain the conspiracy, I’ve just done it before so it comes to mind

I'm on my phone so can't dig as easily, but you can tell from the item IDs that the Stripe post preceded the Bolt one, and we never change those.

Edit: internet archive links are now at https://news.ycombinator.com/item?id=30070287.

Re: Bolt founder on Stripe/YC

#97

Post by mattmaroon »

I guess I’ve been out of YC a long time but I have a really hard time believing they are torpedoing investments in any company that competes with one of theirs, both because they wouldn’t want to and because they couldn’t. It’d make a lot more sense for them to just invest in potential disruptors, and in fact they do that all the time.

This sounds like all the same shit I (and most founders) went through even when there was little to no competition.

I can totally see that somebody could easily misinterpret the craziness that is raising money, an endeavor I can only liken to online dating. I’d need some pretty compelling evidence of this sort of collusion and there’s nothing given.

Also I haven’t talked to Patrick in a long time but he always seemed like a really good dude and I can’t imagine he’s doing that either.

Re: Bolt founder on Stripe/YC

#99

Post by ttty »

tzury wrote: post #87

Never herd of Bolt till this post. That made me think, how come I've never heard of bolt up until this moment? Is their marketing so bad? They managed however to get to a poont of a "successful company with 600 employees, billions in GMV, and growing rapidly", right? I visit HN at least 10 times per week. So I decided to check how many posts have they posted on this site since founding the company. I currently see 4…

Actually you should use this https://news.ycombinator.com/from?site=bolt.com

Not much difference, I think 1 more and many dead/flagged

Re: Bolt founder on Stripe/YC

#100

Post by dang »

nus07 wrote: post #72
parhamn wrote: post #64

Earlier quoted context omitted.

I find this comment surprising. I didn't say anything too controversial. Investors regularly refuse (and it's often the morally correct thing to do) investments in competitors. It's also often in their financial incentive too. To assume any investment organization in broad does differently because of their stated principles is absurd. Most investors would comfortably say this. > YC funds competitors all the time and…

With all due respect there have been 2-3 HN posts in the last few months about YC and HN being biased towards Stripe. Surely it cannot be so much smoke without a fire.

That's bad logic in two ways. First, this is the internet. Smoke goes a lot further than that.

Second, to the extent that the claims involve HN, (I'm being careful only to comment on facts I personally know about), they're definitely false [1]. So yes, for sure there can be that much fireless smoke.

[1] I haven't had a chance to respond properly about those claims yet. Normally I'd have done it by now, but I'm on my phone with intermittent access at the moment, so am a lot slower and don't have my usual tools. Edit: I finally got it out - https://news.ycombinator.com/item?id=30070287.

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