Maybe because people focus on what's important rather than a fancy website? How many startups can't offer more than a fancy website. Warren Buffet, one of the greatest investors of all time has barely a website.
I think it's fantastic. Nice, simplistic, loads quickly, no ads, great letter.
I don't necessarily like that it lacks a dark mode, but ultimately there's very little to complain about here. It accomplishes what many other websites only wish they could.
https://k.nyc