WisNorCan
Joined 9 years ago
Joined 9 years ago
What if someone reverse engineered Twitter's services and built a separate client and tried to monetize it. What would Twitter do?
What if someone reverse engineered Reddit's services and built a separate client and tried to monetize it. What would Reddit do?
What if someone reverse engineered Instagram's services and built a separate client and tried to monetize it. What would Instagram do?
Usually it is the reverse.
Price per shipment cratered -> Revenue cratered. (They make a % of each shipment) -> Losses spiked up. (Because they had fixed cost)
Flexport had a burn run rate of $600M a year. Convoy had less burn but also less in the bank.
https://www.theinformation.com/briefings/flexport-revenue-dr...
I trust that they had the judgment to decide that they needed to defend their reputation.
YCs contention is that the number of mentors on the website is not the right way to compare. For example, the YC mentors are working full time at YC helping startups while Neo’s mentors have full time jobs elsewhere and only spend a % of their time mentoring startups.
So the contention is that Neo is directly calling out YC and making dishonest comparisons.
There are other things as well about the ethics and behavior of the Neo founder, Ali Partovi, but it is only hinted at. Not explicitly stated with examples backing up any claims.
This sounds like what I would expect in the federal government or IBM. Not a fast growing startup changing the world.
I hope Ryan can change this part of the culture or they are dead.
Eventually a company with great intentions will be dragged to do terrible things if it required to serve their business model.
Google will ruin their user experience (e.g. YouTube, Google) and push the boundary on user privacy in the interest of more clicks & higher CPM.