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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

#151

Post by screamingninja »

gavinray wrote: post #148
altmanaltman wrote: post #144

Earlier quoted context omitted.

what do you mean a true "CEO"? Obviously there is a big difference between what someone like Satya Nadella does and what a CEO of a 10-person firm does. In smaller startups, everyone is directly involved and has to punch above their weight to pull through, not just the CEO. Also devoting everything in your life to one thing is not a mark of intelligence or skill. It is a mark of dedication but by itself means little.…

There are personality traits inherent to successful CEO's that are in-born. For example: I cannot imagine being a successful touring live performer. I am an introvert, I keep a rigid schedule so travel throws everything off, can't keep myself awake very late... Could I perform the functions of a live performer? Yes, though no matter how much I "tried" the mismatch between the job and my natural tendencies is a recipe…

> For example: I cannot imagine being a successful touring live performer. I am an introvert, I keep a rigid schedule so travel throws everything off, can't keep myself awake very late...

These are not examples of in-born traits. While I agree that not everyone has the motivation to become a CEO, I would disagree that a person cannot learn and adapt.

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

#152

Post by purple-leafy »

QuantumNomad_ wrote: post #118
Barbing wrote: post #110

Earlier quoted context omitted.

I’ve never heard of this before. Anyone know if it’s uncommon? Familiar with creditors getting divvied in bankruptcies, but not refunds to investors… oh it’s because there’s never any money left when things wind down. (We hear of retail stores where employees discover closures posted on shop doors when reporting to work.)

When I was in university I unsuccessfully attempted to start a company with two other students. We had a small amount of capital from a single investor. We did not pay ourself any salary. We had spent money on incorporating the company and buying a couple of iPads, and not yet spent money on marketing etc. When after a few months we accepted that it wasn’t going to work, our investor got basically all his money back.…

I had a similar thing happen, made a startup when I was 18 and incredibly dumb. Half my money and half an investors.

Ended up having to wind it down because it was a stupid idea and I realised quite quickly after spending money on it. Was a small amount of money but a lot for me. Luckily the investor never asked for money back.

Wound down my second one too but lost no money.

Then came into some money through a software sale about 7 years later, and offered to pay the first investor their full investment back, which was about half the money from the software sale (my only sale ever).

They really appreciated it but declined and instead said no, they want to invest in me AGAIN in the next one.

Felt really nice to have someone believe in you so much they would open themselves up to money risk again rather than take their initial investment back

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

#153

Post by gtm1260 »

latchkey wrote: post #146
maxnevermind wrote: post #128

Earlier quoted context omitted.

I thought usually founders try to pivot till they run out of money. I wonder if that is good or bad for a serial entrepreneurs if they decide to shut it down instead of pivoting?

He might not have had that choice. Investors can put money into a bank account, and just as easily take it out. This is what happened in the 2000 dotbomb.

not really true unless you raise on terrible terms.

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

#154

Post by hn_throwaway_99 »

jdw64 wrote: post #16

VCs think, 'Apps are risky, infrastructure is safe,' so they invested in AI infra. "infra is safe" Hmm, but that wasn't a good idea. because if an open source infrastructure project like TensorZero gets shut down this quickly, won't they start to realize that those investment theories are also risky? The difficult thing about AI infrastructure is that, unlike other industries, it will not become fragmented. It will l…

> VCs think, 'Apps are risky, infrastructure is safe,' so they invested in AI infra.

I think you're really overgeneralizing what "infrastructure" means in this case.

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

#155

Post by SeriousM »

indigodaddy wrote: post #60

Just use Plexus [1]. The maintainer is not trying to be a hero or raise seed dollars or even really trying to promote it. He's just making an excellent, useful product. (Unaffiliated, just a happy user). It's not a full-on "LLMOps" platform (whatever that is), it's just a proxy that works very well and has some nice features. [1] https://github.com/mcowger/plexus

Thanks! That's exactly what we need for our 6 ppl team.

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

#156

Post by Aurornis »

gavinray wrote: post #127
GabrielBianconi wrote: post #114

Earlier quoted context omitted.

There are many factors at play here but if I had to pick one... an open-source company has to find product market fit twice: first for the OSS project and again for a commercial product. The AI market moves very quickly so it's easy to take a step in the wrong direction and fall behind. I might publish a long-form reflection when the dust settles.

It might come off as trite, but I genuinely am sorry that things didn't pan out for you Very early in my career I used to believe that I or anyone else could be a CEO. It wasn't until working with tiny teams where the CEO/founders devoted everything in their life to the business -- often at the expense of hobbies, romantic relationships, and any shred of free time -- that I realized true CEOs are a rare breed. When a…

There’s a fallacy that successful companies are only successful because their CEO was a “rare breed” and that failed companies fail because their CEO didn’t have some innate quality.

This isn’t true. It’s easily shown to be not true by looking at all of the CEOs who had success with one endeavor and then failed all of their following startups, or the other way around.

A lot goes into founding a successful company. Not all of it is in anyone’s control. Not everything can be overcome by a CEO with powerful motivation.

Some times the market moves in ways nobody could have expected. I even worked at one startup that was destabilized and ultimately failed due to a natural disaster.

Looking back at the startups in my past, some of the worst CEOs were the ones who paraded around their ideals about failure not being an option or who pretended that they could get the company through anything through sheer force of their will and the power of their dream. One CEO who was all about “never give up, never surrender!” thinking ran the company into the ground because he refused to let us pivot after the initial idea didn’t get traction in the market but some other features were getting a lot of interest.

Some times knowing when to call it, move on to the next thing, and stop stringing your employees, investors, and customers along is an important CEO skill.

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

#157

Post by arjie »

krembo wrote: post #102

I don’t understand the commenters here who are attacking the entrepreneur. If it's not your money, then he is accountable only to his investors.

Click through to their profiles and you'll find that they habitually do this. Preserve your own sanity and just eject them from your feed by removing comment subtrees starting with their comments. I see less than half of the comments in this thread and they're in the realm of reasonable.

Treat it as an engineering problem where you're trying to lower the noise floor.

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

#158

Post by DANmode »

sdesol wrote: post #141
GabrielBianconi wrote: post #114

Earlier quoted context omitted.

There are many factors at play here but if I had to pick one... an open-source company has to find product market fit twice: first for the OSS project and again for a commercial product. The AI market moves very quickly so it's easy to take a step in the wrong direction and fall behind. I might publish a long-form reflection when the dust settles.

> first for the OSS project and again for a commercial product. Is there a way to reach out to you as I would like to hear what you have to say about what I am working on. You can update your HN profile to include contact information or you can reach out to me using my HN profile. I'm basically working on a portable intelligence layer for AI that I will be open sourcing and the commerical product will be to make the…

He’s a cofounder,

and domains are cheap.

I’d shoot the note now if the feedback could be valuable.

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

#159

Post by beachy »

KennyBlanken wrote: post #145
GabrielBianconi wrote: post #114

Earlier quoted context omitted.

There are many factors at play here but if I had to pick one... an open-source company has to find product market fit twice: first for the OSS project and again for a commercial product. The AI market moves very quickly so it's easy to take a step in the wrong direction and fall behind. I might publish a long-form reflection when the dust settles.

> an open-source company has to find product market fit twice: first for the OSS project and again for a commercial product. The only way this could be a 'lesson learned' is if you homehow managed to not pay any attention to what has been going on in the last 25 years with open source software companies.

Not really - survivorship bias means that the open source companies you are referring to have all already passed the first hurdle.

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

#160

Post by theendisney »

Aurornis wrote: post #156
gavinray wrote: post #127

Earlier quoted context omitted.

It might come off as trite, but I genuinely am sorry that things didn't pan out for you Very early in my career I used to believe that I or anyone else could be a CEO. It wasn't until working with tiny teams where the CEO/founders devoted everything in their life to the business -- often at the expense of hobbies, romantic relationships, and any shred of free time -- that I realized true CEOs are a rare breed. When a…

There’s a fallacy that successful companies are only successful because their CEO was a “rare breed” and that failed companies fail because their CEO didn’t have some innate quality. This isn’t true. It’s easily shown to be not true by looking at all of the CEOs who had success with one endeavor and then failed all of their following startups, or the other way around. A lot goes into founding a successful company. No…

I know one who spends the days seemingly not doing antthing. He spends like a month with his own thoughts and comes up with truly bizare things that work.

In one instance he raised the price of something by 1000 times without adding anything extra. His explaination was that it would build the right community. In his opinion people were to negative/sceptical and talked to much about what things cost.

Cost him 90% of the customers innitially then grew by 100ish%. As if some high end comedy the 90% said it was to expensive and that it would never work. The other 10% really needed to see what would happen.

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