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This AI Startup "Copied" an Open-Source Project and Got Half a Million Dollar Funding by Y Combinator (news.itsfoss.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 23 points 1 month ago (2 children)

The bigger fool might also be the taxpayer. Oops the company we funded vanished - now we have a $500k loss to write off...

[–] [email protected] 11 points 1 month ago

Sadly, I believe you're correct on that... sigh...

[–] [email protected] 1 points 1 month ago

Overall billionaires wasting their money to pay for idiots that then waste it in consumption would be a tax positive, I believe. We should encourage that behavior instead of them buying assets and then extracting rents like the parasites they are. I don't care if they get to write off the money they lose from their income.