[briggsbio]

vladd, while I completely agree that "HN is mainly goodwill for YC," I think potentially your subsequent parenthetical statement shows misunderstanding of a different business model, the VC model. Or, maybe it was just ambiguous language easily misinterpreted by me (and, I'd assume, others as well).

Many content-based companies would love to acquire HN and its audience (e.g. Conde Nast's Reddit acquisition). VCs would love to invest in an HN spin-out to reap returns from said investment via a sale of the entity. However, "VCs would pay a fortune to have HN and its audience," reads more like VC-as-owner/PE rather than VC as investor.

Maybe I'm digging too deep in the semantics here, but this seems to be a point that is often lost and VCs vaunted (or derided) as less investors-cum-advisors and more private equity slash-and-burn corporate raiders.

Might a VC chime in here?

*edited for spell check and readability.