If HN fails to ever hit 1M users, PG (or Sam Altman) isn’t going to shut it down or cut off its funding, and neither he nor Y Combinator are expecting or relying on it to generate revenue. It continues to exist after over a decade because the Y Combinator folks find the content and discussion interesting.
And hey, that’s all well and good. I’m glad that HN sticks around when a more profit-driven site would’ve failed years ago. But it’s important to note that what works for HN likely wouldn’t work for anyone else.
Sounds like this isn't envisioned as a profit-making business, either. I'd happily donate some money to have a place my friends and family can easily hang out online that isn't trying to sell us to anything.
The value isn't in selling ads.
I see this whole line of reasoning that thousands of people isn't enough to be newsworthy a symptom of valleythink where all that is valued is growth.
There are other factors that indicate success and the community for the most part has lost sight of those for the tunnel vision of "must get funding!"
> But it’s important to note that what works for HN likely wouldn’t work for anyone else.
It's also important to note that what does work for HN, might work for others too. We won't know unless we try. Strict moderation is something that helped HN, helped make Flashback (Swedish Forum) tolerable and something many of the greatest subreddits applied with great success. Just an example.
I would say in general, places where you interact with other people ends up building some sort of social network of it's insides.