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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
#182[flagged]
Re: AI OSS tool repo goes archived over night after raising $7.3M Seed
#183Earlier 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…
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.…
True CEO. An actual leader who takes responsibility.
I.e. Not the majority of celebrity CEOs with golden parachutes and underpaid employees. Only in the position thanks to "my dad knows his dad and we went to the same school" nods and winks. It is the objective truth for most executives.
Re: AI OSS tool repo goes archived over night after raising $7.3M Seed
#184Most VCs avoided application layer believing it is too risky with few player would emerge as winner over application layers calling them GPT wrapper (now called Harness) and pouring money into infra layer. Would love to see your opinion about how this thesis would turn out going forward.
Your post title is misleading and false. They didn't archive overnight, they raised the money last year, the founder explains in comments.
Re: AI OSS tool repo goes archived over night after raising $7.3M Seed
#185Earlier quoted context omitted.
"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…
At least the repo is still available. Anyone can fork and carry on, create a community, etc.
If the creators could not do anything with it after raising funds, then why is it expected that somebody will fix it for free?
Forking only makes sense if the creators are also monetising it successfully.
Re: AI OSS tool repo goes archived over night after raising $7.3M Seed
#186Earlier quoted context omitted.
> 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.
well, actually - https://introvertdear.com/news/are-you-born-an-introvert-or-...
I've known introverts that were performing musicians.
Re: AI OSS tool repo goes archived over night after raising $7.3M Seed
#187Earlier quoted context omitted.
At least the repo is still available. Anyone can fork and carry on, create a community, etc.
If the creators could not do anything with it after raising funds, then why is it expected that somebody will fix it for free? Forking only makes sense if the creators are also monetising it successfully.
If people are complaining then it means that they must've found it to be of value. If they found it to be valuable enough that they really want work done on it again, they can always do that work themselves (or hire someone to). There is 0 connection between forking and successful monetization.
Re: AI OSS tool repo goes archived over night after raising $7.3M Seed
#188Earlier 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…
CEOs will often have unfavorable characteristics. From startups to billion dollar corporations I've experienced far fewer "genuine" CEOs than narcissistic assholes. The latter are so prevalent because they take the valuation of the company as one of their primary drivers. This means that, for them, removing any obstacle (customers included) is the path they will traverse.
I think the problems with "successful" CEOs don't paint the complete picture. Many CEOs come in after the hard work has been done and "final phase" CEOs enshittify the product and treat their partners and customers vastly differently than they did during their build phase. I experienced this first hand at Palo Alto Networks. At the time their second CEO (Mark McLaughlin) had just come into the org. Mark was one of those few genuine CEOs I experienced, probably one of the least narcissistic I've seen at that point in a young company's trajectory. However Nikesh Arora (Mark's successor) is a complete narcissistic asshole. I still talk to many in leadership there on the regular and the consistent theme is he's surely the reason PAN support and product quality has taken a dive compared to the engineering focus on product and customers back in the early 2010s.
There are a lot of papers surrounding CEOs and many look at the narcissistic angle [0][1][2]. The reality is a lot of these companies could operate just fine without a CEO. I find it hard to believe CEOs are even remotely worth their compensation packages given most of them have zero clue about the product or customs they serve anymore. This all flows back to the "shareholder value" bullshit the US economy is built on. If corporations had more restrictions in financial engineering maybe, just maybe, they'd actually try to better compete within their product/service space.
[0] https://www.gsb.stanford.edu/faculty-research/publications/n... [1] https://journals.sagepub.com/doi/10.1177/0149206319892678 [2] https://corpgov.law.harvard.edu/2021/10/25/are-narcissistic-...
Re: AI OSS tool repo goes archived over night after raising $7.3M Seed
#189Earlier quoted context omitted.
> There are personality traits inherent to successful CEO's that are in-born. The problem with your point of view is that "Love of cocaine" is one of them, it's near the top, and you'll never acknowledge the fact.
> > There are personality traits inherent to successful CEO's that are in-born. > The problem with your point of view is that "Love of cocaine" is one of them, it's near the top, and you'll never acknowledge the fact. I don't get why one can't easily acknowledge the slightly weaker statement that traits that are inherent to successful CEOs might be positively correlated to being prone to a love for cocaine (which say…
This is the problem. You’re thinking academic hypothesis and I’m thinking historical fact.
Re: AI OSS tool repo goes archived over night after raising $7.3M Seed
#190Earlier quoted context omitted.
This is super common with startups and is usually called an orderly shutdown. You don’t want to wait until you are insolvent, but stop when there is enough money left to pay all outstanding liabilities as well as the people that will shut down the business entity, do a final tax return and so on. Then whatever is left eventually gets paid back to investors, who usually have a liquidation preference requiring this as…
> This is super common with startups and is usually called an orderly shutdown Perhaps now, but during the Zero Interest Rate era, the received wisdom was founders ought to keep going until there bank account was empty, in the hope that they may salvage returns for investors. Vendors, partners, clients and employees would be screwed, naturally, but it didn't matter because VC preferred it because losing all the money…
> the received wisdom was founders ought to keep going until there bank account was empty, in the hope that they may salvage returns for investors.
Amusing that they managed to create a business strategy that depends on the sunk cost fallacy being wrong.