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AI OSS tool repo goes archived over night after raising $7.3M Seed

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Re: AI OSS tool repo goes archived over night after raising $7.3M Seed

#22
post #4

The title makes it sound like they just did a seed round, but the seed round was announced in August of last year [0]. Their website landing page is now also showing the software is no longer maintained. No mention of why they made this decision, my best guess is they burned through their seed money and were unable to attract further investments. [0]: https://www.tensorzero.com/blog/tensorzero-raises-7-3m-seed-...

Burning through $7m in 9 months? That's an impressive amount of avocado toast.

Re: AI OSS tool repo goes archived over night after raising $7.3M Seed

#25
post #18

Earlier quoted context omitted.

You can call it a bait but where is VCs due diligence for this. Most VCs where out there defending their infra layers investment. Just look at YC batches and see the inflated number of infra startups.

"Failure" is the expected median though. You can't due-diligence your way out of "startup ran out of runway"! The discussion here isn't about funding, it's that there's a presumptively useful community tool which got abandoned because its owners took their toys and went home when the money ran out (instead of making a sincere effort at transitioning to community governance). That's on the IP owners being selfish jerk…

It's not on anyone to set up your favourite "governance" system. If anyone honestly wants to keep maintaining or using it the code is still there.

Re: AI OSS tool repo goes archived over night after raising $7.3M Seed

#26
post #18

Earlier quoted context omitted.

You can call it a bait but where is VCs due diligence for this. Most VCs where out there defending their infra layers investment. Just look at YC batches and see the inflated number of infra startups.

"Failure" is the expected median though. You can't due-diligence your way out of "startup ran out of runway"! The discussion here isn't about funding, it's that there's a presumptively useful community tool which got abandoned because its owners took their toys and went home when the money ran out (instead of making a sincere effort at transitioning to community governance). That's on the IP owners being selfish jerk…

Which toys exactly were taken? The repo seems open source, is any component missing?

Re: AI OSS tool repo goes archived over night after raising $7.3M Seed

#28
post #4

The title makes it sound like they just did a seed round, but the seed round was announced in August of last year [0]. Their website landing page is now also showing the software is no longer maintained. No mention of why they made this decision, my best guess is they burned through their seed money and were unable to attract further investments. [0]: https://www.tensorzero.com/blog/tensorzero-raises-7-3m-seed-...

The company was started in January 2024, so the seed financing is likely a roll-up of two years of fundraising. $7m for ~30 months of running an AI startup in NYC is not that unusual.

Re: AI OSS tool repo goes archived over night after raising $7.3M Seed

#29
post #4

The title makes it sound like they just did a seed round, but the seed round was announced in August of last year [0]. Their website landing page is now also showing the software is no longer maintained. No mention of why they made this decision, my best guess is they burned through their seed money and were unable to attract further investments. [0]: https://www.tensorzero.com/blog/tensorzero-raises-7-3m-seed-...

Burning through $7m in 9 months? That's an impressive amount of avocado toast.

And AI tokens

Re: AI OSS tool repo goes archived over night after raising $7.3M Seed

#30
post #6

Earlier quoted context omitted.

[flagged]

You can call it a bait but where is VCs due diligence for this. Most VCs where out there defending their infra layers investment. Just look at YC batches and see the inflated number of infra startups.

Right? I’ve been through due diligence and it’s neither a quick nor simple process, even for seed.
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