I'm sorry, what? Why is this a "VC Scam?" A competitor just got aquired for $$ a... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		lbotos on Sept 28, 2022 \| parent \| context \| favorite \| on: Penpot, Open Source Figma alternative, raises $8M ... I'm sorry, what? Why is this a "VC Scam?" A competitor just got aquired for $$ and a startup raised funds to attempt to compete in the space. I don't see anything here that looks like a "scam" to me. Keybase as an idea was much more pie in the sky vs. "an open source figma clone".

rchaud on Sept 28, 2022 | [–]

In this case, I take "scam" as referring to VCs investing in companies so they can challenge the market leaders just long enough to prompt an acquisition and cash out.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact