This is an (unintentionally) wonderful example both of how much "culture fit" still matters in Silicon Valley, and how the dynamic called investor storytime works. Company tries to create recurring revenue overnight so it can... unlock free investor money.https://veed.io/blog/rejected-from-yc/#update …
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Replying to @Pinboard
it is telling how, once they realized they could charge people for the product, they decided to go back for cheap capital rather than... charge people for the product.
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Replying to @ahpook
That's the thing I'm trying to point out. The revenue only mattered because it improved the story the investors would hear. The founders know where the real money comes from
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