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 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!

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.

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.

Okay, that's genuinely funny. Sadly, it might be a little subtle for the folks who need to feel the mockery most.

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.

Its a simple spell but quite unbreakable

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.

> … 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 …

I just valued my buddy at 1.2 Trillion

I had serious concerns as an accountant until I realized how familiar everything sounded.

I was genuienly confused till the pricing and tipping section.

It worked for NVidia.

YC be like: hold my beer

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)

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.

you’re literally scamming VCs lol