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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

#91

Post by swiftcoder »

whateveracct wrote: post #86
rfgplk wrote: post #67

Earlier quoted context omitted.

$7m actually isn't a whole lot, especially if they hired a (larger) engineering team. Assuming their cali based, that's easily 150-200k per engineer, a team of 20 easily eats through that. Idk the specifics, but I don't the organization was fradulent, it could also be that they're going commercial and no longer want to maintain their oss stack

if you hire 20 engineers with your seed round you are either very confident you'll be able to use them to justify another raise soon or you're incompetent

> very confident you'll be able to use them to justify another raise soon

That is indeed how the VC funding game is played. If you don't raise another round, you are dead anyway, so you spend down your seed round to try and justify that following round...

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

#92

Post by ianm218 »

GabrielBianconi wrote: post #83

I'm the co-founder and CEO of TensorZero. We started the company two and a half years ago, and raised $7.3m in 2024 (announced only almost a year later). We've spent less than half of this amount. Earlier this week we came to the difficult decision to wind down the project. The open-source repository remains available on GitHub (Apache 2.0) but won't be actively maintained by the team moving forward.

Is there anything your willing to share on what went into the decision/ what you learned about trying to build this kind of product?

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

#93

Post by SR2Z »

DiggyJohnson wrote: post #74
rfgplk wrote: post #67

Earlier quoted context omitted.

$7m actually isn't a whole lot, especially if they hired a (larger) engineering team. Assuming their cali based, that's easily 150-200k per engineer, a team of 20 easily eats through that. Idk the specifics, but I don't the organization was fradulent, it could also be that they're going commercial and no longer want to maintain their oss stack

20 engineers would be incredibly aggressive growth for such a young company with that amount of capital, no?

The real number is probably closer to ~13 engineers, because it costs a company the worker's salary _again_ for benefits, payroll taxes, etc., etc.

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

#95

Post by sailingparrot »

hoppp wrote: post #6
LeonM wrote: 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-...

[flagged]

Do you understand that when you raise money it doesn't go into your personal account? Its not like you can move this money in your retirement account and sail into the sunset.

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

#96

Post by em-bee »

ajross wrote: post #46
thih9 wrote: post #26

Earlier quoted context omitted.

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

[flagged]

the only reason to ever fork a project in earnest is because the original project owners are not willing or able to cooperate or accept patches. in other words you fork because you have nowhere else to go. exactly the situation we have here.

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

#97

Post by devops000 »

GabrielBianconi wrote: post #83

I'm the co-founder and CEO of TensorZero. We started the company two and a half years ago, and raised $7.3m in 2024 (announced only almost a year later). We've spent less than half of this amount. Earlier this week we came to the difficult decision to wind down the project. The open-source repository remains available on GitHub (Apache 2.0) but won't be actively maintained by the team moving forward.

[flagged]

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

#98

Post by cluckindan »

GabrielBianconi wrote: post #83

I'm the co-founder and CEO of TensorZero. We started the company two and a half years ago, and raised $7.3m in 2024 (announced only almost a year later). We've spent less than half of this amount. Earlier this week we came to the difficult decision to wind down the project. The open-source repository remains available on GitHub (Apache 2.0) but won't be actively maintained by the team moving forward.

What did you spend the money on?

The other half goes where?

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

#99

Post by GabrielBianconi »

devops000 wrote: post #97
GabrielBianconi wrote: post #83

I'm the co-founder and CEO of TensorZero. We started the company two and a half years ago, and raised $7.3m in 2024 (announced only almost a year later). We've spent less than half of this amount. Earlier this week we came to the difficult decision to wind down the project. The open-source repository remains available on GitHub (Apache 2.0) but won't be actively maintained by the team moving forward.

[flagged]

Turns out I was wrong :)

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

#100

Post by debarshri »

devops000 wrote: post #97
GabrielBianconi wrote: post #83

I'm the co-founder and CEO of TensorZero. We started the company two and a half years ago, and raised $7.3m in 2024 (announced only almost a year later). We've spent less than half of this amount. Earlier this week we came to the difficult decision to wind down the project. The open-source repository remains available on GitHub (Apache 2.0) but won't be actively maintained by the team moving forward.

[flagged]

Things change, situation change. Life is not constant. In business, it is even more Tumultuous.

I would applaud that the fact that found took bold decision to think out of the box and take action towards it.

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