If your comment is referring to the bending spoons business model, it's worth pointing out they are not VC, they are private equity.
If your comment is referring to the software company's exiting to provide a return to shareholders, that happens all the time whether it's venture-backed or privately owned. The owners of privately held bootstrapped companies still want an exit one day too.
As an open source software engineer who is now a venture capital investor, respectfully, I think your beef is with capitalism, not with the institutional investors.
Not in the startup world beyond what I pick up on HN, but this distinction was helpful. My mental model going forward:
- If a company is still validating the business model and optimizing for rapid growth, it’s typically a Venture Capitalist (VC) fit.
- If a company is already established and the play is to improve operations, scale, or restructure (often involving a change of control), it’s typically a Private Equity (PE) fit.
The Bending Spoons business model is right out of the private equity playbook. Buy a business with good revenue, cut cost to turn this into a consistent revenue stream, generate annual returns.
This is not like making a small 20 person self funded company.
Comments like the above one refer to community vibes, the types of comments that will get you lots of praise/upvotes.
So while individuals have different beliefs, the "average expected top comment" for communities like HN is usually pretty predictable, and hence the cognitive dissonance of the community on the whole can be called out.
There are now more private equity funds in the USA than McDonalds. The maximum wealth extraction of every single thing in people's lives is not viable for a continuing healthy society.
dotBen|1 month ago
If your comment is referring to the software company's exiting to provide a return to shareholders, that happens all the time whether it's venture-backed or privately owned. The owners of privately held bootstrapped companies still want an exit one day too.
As an open source software engineer who is now a venture capital investor, respectfully, I think your beef is with capitalism, not with the institutional investors.
bicepjai|1 month ago
Imustaskforhelp|1 month ago
Why not come out and say this?
Also another thing but other comment https://news.ycombinator.com/item?id=46707699#46709164 points out how Vimeo wants to replace SV engineers with Italian engineers to save money.
They are a first and foremost private equity company, Don't forget. There's no loyalty to any group.
epolanski|1 month ago
And yes, they in-house the engineering part, but the fact they are Italian is just because Bending Spoons is Italian and their offices are in Milan.
Bending Spoons pays its own engineers very well, an entry level junior position starts at 75k+ euros, which in Italy is a senior+ engineer salary.
ecshafer|1 month ago
This is not like making a small 20 person self funded company.
unknown|1 month ago
[deleted]
bcrosby95|1 month ago
Me: can you take out the trash? My kid: dumps trash on the front lawn.
Me: people are speeding a lot, can we do something about it? Cops: shoots anyone speeding in the face.
But I guess I can't say anything about it, because they're just doing what I want!
kelnos|1 month ago
WarmWash|1 month ago
So while individuals have different beliefs, the "average expected top comment" for communities like HN is usually pretty predictable, and hence the cognitive dissonance of the community on the whole can be called out.
cheschire|1 month ago
ryoshoe|1 month ago
DonHopkins|1 month ago
https://www.youtube.com/watch?v=QereR0CViMY
(I'm not.)
_DeadFred_|1 month ago
https://www.cnbc.com/2025/11/05/private-equity-consolidation...
Aurornis|1 month ago
There are not more PE firms than McDonalds in the USA.