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in reply to @xn--hs8h's post:

You know, you could just say that don't take anyone below your pay grade seriously, rather than just going out of your way to pick at words in order to be an asshat.

It's very obvious clearly what the post is about, and that it's serious, from a two to three second glance. So you're not really selling anyone on being more mature than a ten year old here.

in reply to @xkeeper's post:

winning the startup lottery doesn't exactly indicate or confer wisdom, just capital. and rich people, as ever, tend to be assholes for some strange unknowable reason.

my personal favorite aspect of this dynamic was that the site's source code was collateral for this venture -- in the event of its failure, funder wins the fabulous prize of a computer program that was just demonstrated to be something that loses you even more money if you run it. this site has sentimental value to folks but from a technical standpoint we can certainly do so much better than starting from trying to pay down their tech debt

They said something about how it was to prevent them from folding and trying to become a non profit or something??? Which is funny given how much of the sites life they claimed to be a non profit and/or not for profit anyway.

But basically it sounds like it was because there wasn't much else to ask for as collateral and to have some level of ownership/control over what they did, less because the source code is useful in any way.