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Bolt founder on Stripe/YC

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141–150 of 332 posts

Re: Bolt founder on Stripe/YC

#141
post #139
post #22

Earlier quoted context omitted.

What does Stripe have a monopoly on?

Excellent execution in the payments space and expanding beyond that to support business infrastructure and development through things like Treasury and Atlas etc. Not sure that qualifies as a monopoly, but in general Stripe is an example of one (so far).

There are definitely competitors. Stripe just does it better. That is hardly a monopoly. That just means they are the best.

Re: Bolt founder on Stripe/YC

#143
> A number 1 ranking on Hacker News gets millions of views

I don’t think this is strictly true. I had a post go #1 for like ten hours. It’s more like 50k views, counting the visitors from the Reddit repost etc too. A million visitors is a lot, even for HN to generate. (I suppose the comment thread itself might gets millions of views.)

Re: Bolt founder on Stripe/YC

#144
post #76

> Stripe and YC effectively co-run the most important media asset in Silicon Valley: Hacker News. A few of my articles [1] have made the front page so I can weigh in on this a (tiny) bit. > The readers know: any time Stripe comes out with a new product, it’s #1 on the site I do believe that "the mods" have the ability to boost articles at their discretion so I would not be surprised if YC companies frequently get a b…

Dan has said repeatedly that YC companies do not get artificial boosts. He's said that on this thread, as well. Ranking is definitely not a strict function of votes; HN does a bunch of stuff to groom the front page. But, according to Dan, none of that involves giving preference to YC companies.

I have no knowledge except what I read here, but this is obviously false. Or perhaps not obviously but at least suspiciously. As apparent by the "_YC_STARTUP_ is hiring" posts, that don't even take comments, as well as the "work at a startup" (YC's hiring portal) posts, that are commonly on the front page. Without publication of the ranking algorithm, I would be _very_ hard pressed to believe these are organic. I mean even if all YC alums mass voted for those topics, vs the total number of users voting that has to be a small fraction.

So there are at least a couple classes of topics that seem to be artificially promoted, in preference of YC companies.

Re: Bolt founder on Stripe/YC

#145
I'm having a hard time parsing why he would post this. Did he think he'd get customers? I doubt it. Investors? They already raised hundreds of millions.

To me it seems like the only thing he's going to get out of this is twitter followers. But at what cost? Are twitter followers that valuable? Why do some CEOs spend so much time growing their twitter audiences? Do they do it for recruiting? Is this really the best way for them to spend their time? Or is it just an ego thing?

Not being sarcastic, I'm genuinely curious.

Re: Bolt founder on Stripe/YC

#146

I'm having a hard time parsing why he would post this. Did he think he'd get customers? I doubt it. Investors? They already raised hundreds of millions. To me it seems like the only thing he's going to get out of this is twitter followers. But at what cost? Are twitter followers that valuable? Why do some CEOs spend so much time growing their twitter audiences? Do they do it for recruiting? Is this really the best wa…

Sometimes if you see a wrong, you just want expose it. Sometimes that can be good for you and others, other times it doesn’t matter, if the wrong is worth exposing.

Re: Bolt founder on Stripe/YC

#147
post #100
post #72

Earlier quoted context omitted.

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…

dang, imho you’re trying too hard.

Re: Bolt founder on Stripe/YC

#148
post #76

Earlier quoted context omitted.

Dan has said repeatedly that YC companies do not get artificial boosts. He's said that on this thread, as well. Ranking is definitely not a strict function of votes; HN does a bunch of stuff to groom the front page. But, according to Dan, none of that involves giving preference to YC companies.

I have no knowledge except what I read here, but this is obviously false. Or perhaps not obviously but at least suspiciously. As apparent by the "_YC_STARTUP_ is hiring" posts, that don't even take comments, as well as the "work at a startup" (YC's hiring portal) posts, that are commonly on the front page. Without publication of the ranking algorithm, I would be _very_ hard pressed to believe these are organic. I mea…

The specific types of posts that are treated specially are well documented, including in this thread. It's 'suspicious' mostly because you (seemingly) haven't had a chance to look into it.

Re: Bolt founder on Stripe/YC

#149
post #76

Earlier quoted context omitted.

Dan has said repeatedly that YC companies do not get artificial boosts. He's said that on this thread, as well. Ranking is definitely not a strict function of votes; HN does a bunch of stuff to groom the front page. But, according to Dan, none of that involves giving preference to YC companies.

I have no knowledge except what I read here, but this is obviously false. Or perhaps not obviously but at least suspiciously. As apparent by the "_YC_STARTUP_ is hiring" posts, that don't even take comments, as well as the "work at a startup" (YC's hiring portal) posts, that are commonly on the front page. Without publication of the ranking algorithm, I would be _very_ hard pressed to believe these are organic. I mea…

Yes, the YC startup is hiring posts work differently than other posts on the front page, they're also explained in the FAQ ("Can I post a job ad?" and "What's the relationship between YC and HN?").

The grandparent comment of your comment also called this out, so I'm assuming the post you replied to assumed that those weren't worth calling out in their statement.

Re: Bolt founder on Stripe/YC

#150
post #17

I don't really have an opinion on this but as a 2x YC founder, two assumptions are wrong 1. There are dozens of Stripe competitors funded by YC and new ones get accepted every batch from what I've seen. 2. VCs will ghost you last minute no matter who you are. Edit: You can see public YC companies here https://www.ycombinator.com/companies/?industry=Payments

Very few of those companies seem to be truly competing with Stripe. Most of them are specific to a non-US country, or target a very specific demographic.
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