Item — HN Reader

Ghostty and libghostty was product market fit.

Superlogical (allegedly) uses it for the multiplexer.

Mitchell Hashimoto is just the icing on the cake and he has a track record of building defining dev tools used by millions of devs.

So it makes sense why you see 15 angel investors.

More money / investment in the dev tool space is great for everyone!

2 comments

I'm not doubting that Mitchell Hashimoto is capable of building great products with great product market fit. Quite the opposite, as the few strands of idolization that exist within me rank him as one of the best to ever do it in the dev tooling space.

I'm also not doubting that there would be tons of investors throwing themselves at him for a new venture like this.

But why, apart from forced market access would it be in his interest to take that money, given that he can nicely fund it for a few years with ~1% of his net worth if not for forced market access?

I seriously doubt it is for the money.

It said they are funded, but it doesn't mean they lost control or have to be VC hyper growth. Apart from Notable Capital and Amplify Partners all others are individuals. There are lots of benefits having these group of company founders and CEO as investors. They are likely interested in the problem space as well.

Had it been hyper growth startup you would be looking at a16z or other bigger names.

1. Accountability - even very talented people can lose motivation or get distracted. Having investors to report to helps with this.

2. Recruiting - many people would be wary of working on a rich guy's pet project. Taking investment makes it more of a real company that has to deliver something and is not subject solely to the whims of one person.

yes, dev tooling investment has always been disappointing. Mainly due to stingy buyers.