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Analyzed from 644 words in the discussion.

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#money#same#joke#gift#circular#corgi#https#com#excess#yeah

Discussion (35 Comments)Read Original on HackerNews

nylonstrungabout 5 hours ago
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
alpinemanabout 5 hours ago
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
RobRiveraabout 5 hours ago
The flywheel!
dominotwabout 4 hours ago
yc circular funding scam
JimsonYangabout 5 hours ago
One of Micheal and Dalton video does address this

Even if you larp revenue, when you get acquired or go public auditors will figure stuff out. Or worse you go to prison. Its like cheating in college-youre just hurtung yourself and others

meric_about 5 hours ago
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.
reticulatesabout 4 hours ago
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...
mrandishabout 2 hours ago
I've been out of the valley (circular) loop for a bit so I'd never heard of Corgi. OMFG...
DiscourseFanabout 1 hour ago
Yeah 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!
rarisma18 minutes ago
Its a simple spell but quite unbreakable
mjfisherabout 6 hours ago
It says something about the state of the world that I was genuinely uncertain whether this was actually a joke right until the last paragraph.

Very well done.

chaboudabout 1 hour ago
Clicks 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.

abalashovabout 6 hours ago
Okay, that's genuinely funny. Sadly, it might be a little subtle for the folks who need to feel the mockery most.
mcmcmcabout 2 hours ago
Third 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.

brazukadevabout 1 hour ago
it is the same link so you are complaining about a HN system failure which should have upvoted the first submission.
anotherhueabout 7 hours ago
I was able to close my first series A after just a few hours of using this. I wish the rate limits were higher though.
jagged-chiselabout 3 hours ago
> … the fake version and the "strategic partnership" version are separated mostly by vibes, scale, and whether a bank structured it.

I have a new business idea …

sljabout 3 hours ago
I just valued my buddy at 1.2 Trillion
desktopentreeabout 2 hours ago
I had serious concerns as an accountant until I realized how familiar everything sounded.
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opemabout 5 hours ago
I was genuienly confused till the pricing and tipping section.
Animatsabout 6 hours ago
It worked for NVidia.
0xnynabout 4 hours ago
YC be like: hold my beer
ant6nabout 4 hours ago
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)
deadbabeabout 7 hours ago
What 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 same place it started.

In the end, if you paint a big enough picture, all money flow in an economy is circular anyway.

apsurdabout 6 hours ago
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".
weegoabout 6 hours ago
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.
dontfeedthemacabout 7 hours ago
you’re literally scamming VCs lol