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
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LARP – Revenue infrastructure for serious founders
31–40 of 101 posts
Re: LARP – Revenue infrastructure for serious founders
#32What people miss from these things is that there is economic value being created. For example, if you gift someone a $100 Amazon gift card, but they also gift you a $100 Amazon gift card. Has any gift actually been exchanged? Yes, the sentiment of giving. Or if someone pays you $100 to eat a pile of shit, and then you use the same $100 to pay them to eat a pile of shit, you both have eaten, but the money is in the sa…
Neither of your examples shows “economic value being created”.
Re: LARP – Revenue infrastructure for serious founders
#33What people miss from these things is that there is economic value being created. For example, if you gift someone a $100 Amazon gift card, but they also gift you a $100 Amazon gift card. Has any gift actually been exchanged? Yes, the sentiment of giving. Or if someone pays you $100 to eat a pile of shit, and then you use the same $100 to pay them to eat a pile of shit, you both have eaten, but the money is in the sa…
Neither of your examples shows “economic value being created”.
The state change is the value.
Re: LARP – Revenue infrastructure for serious founders
#34If 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
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Re: LARP – Revenue infrastructure for serious founders
#35Earlier quoted context omitted.
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.
Corgi is even worse than just circular revenue, their entire insurance business is a house of cards: https://reticulating.substack.com/p/ycombinators-corgi-insur...
I've been out of the valley (circular) loop for a bit so I'd never heard of Corgi. OMFG...
Re: LARP – Revenue infrastructure for serious founders
#36I had serious concerns as an accountant until I realized how familiar everything sounded.
Re: LARP – Revenue infrastructure for serious founders
#37Re: LARP – Revenue infrastructure for serious founders
#38Third post in three day, not counting the ones that have been removed:
https://news.ycombinator.com/item?id=48869910
https://news.ycombinator.com/item?id=48852458
The joke is getting tired.
Re: LARP – Revenue infrastructure for serious founders
#39Clicks on link. Reads this thinking it's gotta be a joke... continues reading not sure if it's a joke. Relieved to find out it's a joke.
I guess that's the joke.
Heavies have been playing this "pretend internet money" game off and on for decades. In investment analysis, details matter.
Re: LARP – Revenue infrastructure for serious founders
#40Yeah but like, most of us work in tech and sure a lot of this money is getting “wasted,” but on what and who? Often on people who spend it elsewhere, a little bit gets siphoned off every time for living costs, luxuries, and side projects of individual employees, or other benefactors thereof. I wouldn’t call this excess a “bad” thing, the excess is what allows us any reprieve in the rat race, time to spend with loved ones, time to engage or worthy pursuits. It funds professor’s salaries (and administrator’s!), its what pays artists, its why all these engineers retire early and make posts about porting Doom to a microwave. Of course it would often be better if this excess was taken elsewhere, so that we wouldn’t have people dying needlessley just because they lost out in life, but even that wouldn’t require a fraction of the wealth of our society generates on top of its basic needs. Excess is not a bad thing!