Earlier quoted context omitted.
I'm the first and biggest investor in Helm and I'm on the board. I created email-based Posterous previously (YC funded) and was a YC partner for 5 years. I funded this team because they're high integrity software engineers first, and we built this out of need— a company like this needs to exist because for this to work, you need both great user experience as well as great software. Helm actually solves this exactly -…
If I can trust someone to do off-site cloud backups of my e-mail, why can't I trust the same person to run a Fastmail-like service so I don't have to have a $500 server in my house to get e-mail?
I think Helm comes with some obvious trade-offs, but the product looks nice and I think (judging from other HN comments) there's a market for it. I don't know if it's a large market for this to be a success, but it seems interesting at least, and at first blush the product looks well-made.
I don't think this product is exactly for me as my main email, but it could be interesting as a side email service, or one for really sensitive emails. Depending on the price point, I'd consider purchasing. If the price point is too high or the maintenance costs are too large, then I won't. What's the big deal? That trade-off not working for you or me doesn't mean the product shouldn't exist.