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If you go through the most recent YC batches, it's insane how much of their "customer list" is just other companies in the same or recent batches
Yeah, they raise a massive round on traction from other YC companies then need to find the real Product Market Fit (enterprise and others) after that round. It's actually very inefficient
If you go through the most recent YC batches, it's insane how much of their "customer list" is just other companies in the same or recent batches
It's the YC playbook. I guess it works, Corgi for example a "AI" insurance company with like only 5 real engineers and a bunch of growth people. Their main customer is other startups mostly YC. Same with Delve.
What I wonder is what LARP stands for. something like “looped/linked annual revenue platform”? (Don’t answer with something about role playing, it’s definitely not that)
Earlier quoted context omitted.
The moving of money across time is 100% central to money's value. Passing digital money around to cook the books is moving money... fraudulently. So yeah, they're not the same unless you're goaling on the semantic purity of the word "move".
I'm confused how circulating legal tender between 2 parties could be cooking books or fraud. Each party can absolutely claim they made money from the transaction. The fact they lost money in a different transaction is a separate concern.
Cooking up fake transactions to make an investor think there is business happening is the definition of fraud.
It worked for NVidia.
Software-only startups make nothing but hype and (these days) merely copy-paste existing frameworks and libraries into an AWS account, fill in predefined config parameters, generate zero net new knowledge
Studied applied physics and EE in college, been in high tech eng for almost 3 decades and lived through the evolution of software truth still being discovery into streamlined template filling.
People need jobs in this political system so whatever but I know a lot about engineering across contexts and where the bleeding edge is and know SaaS startups are rarely engaged in pushing the edge out further. It's a jobs program to validate political memes
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