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by pc 1666 days ago
I genuinely have no idea what situation you’re talking about (not saying we didn’t screw up, though — I preemptively apologize assuming we did!), and a bunch of the narrow claims above aren’t true (we aren’t YC LPs, Sequoia made its own decisions without any suggestions from us on Finix, etc.), but I really would appreciate an email so I can figure out what happened.
3 comments

From the TC article: "A spokesperson for Stripe who was asked whether Stripe and Sequoia discussed its investment in Finix at any point, also declined to comment."

Your comment about Finix seems deliberately crafted to convey you did not speak with Sequoia but at the same time not denying that you spoke (made decision without suggestions).

So to clarify, are you saying that Stripe did not speak with Sequoia about Finix?

Or that Sequoia "made their own decision", while they have spoken with Stripe about Finix?

Irrespective of whether you behaved badly or not (not for me to say, and unlikely to clearly emerge on a simple HN thread), I have always lauded your search for transparency here on HN.

Also, we I like to always keep in mind that sometimes resentment dominates the desire to share a certain story, and without knowing anything about the transaction referred above, I'd say it's quite clear that temp7536 has at least some resentment or envy over Stripe's success.

Final thought (not referring to Stripe nor Sequoia in particular): yes, most companies, and most VCs, are sharks. I was recently reminded of that twice, and probably lost large sums of money in the process (again: nothing to do with Stripe nor with Sequoia). I think it's a rule that have always applied to life, in general, and it won't stop being applied just because we have the internet.

I simply hope that things like the Panama Papers, Wikileaks, and such, will eventually bring more financial transparency to the world, and make it harder for these sharks to keep feasting on their prey.

This seems like a good place to plug "The Billion Dollar Code ©"

Same SV story, different decade.

Also seems like a good place to plug two posts from insiders who say "the billion dollar code" was bullshit:

https://avibarzeev.medium.com/was-google-earth-stolen-7d1b82...

https://johnmccrea.medium.com/why-the-billion-dollar-code-is...