So many astroturf comments here.. the moderation here is out of control terrible :/

Why is this on HN.

read the comments. The HN community is ecstatic. It's good to see there are a few who understand basic economics but politically, the folks here at hn are not much different than over at reddit lol

Interesting story but why is this on HN?

interesting story, but why is this on HN.

Least they could do is tell us about the tech stack for the website.

technically it's about a website

Redmine was pretty great.

It sounds unusual for a seed-stage company (I assume that’s what you mean) to seek funding from private equity. Did the company already have significant revenue and profitability? Why did the founder go for private equity rather than VC.. was the founder basically looking to sell/exit at that point?

Yeah exactly - it was essentially at the revenue of series B or C at that point. This is in 2021 during the height of ZIRP, so I assume part of it was frothiness but the aftermath was terrible.

The Age of Inhumanity... AI mimicry of human patterns devalues our very humanity. Without wise leadership, which we clearly lack, this upcoming Age will be profoundly unstable.

Awesome. Best rant I’ve read since Zed Shaw’s “Rails is a Ghetto” back in 2008.