04:08:08:58

Save up to $680 on your Disrupt 2026 pass. Ends February 27. REGISTER NOW.

(Founder Stories) Moot On The Origin Of 4Chan And The Evolution of Memes

When Christopher Poole (aka Moot) was 15 years old, he founded the 4chan image board on an IRC channel with 20 people. Today, the site attracts about 12 million people a month and is the font of many of the Internet’s most pervasive memes, from Lolcats to Rickrolling. Moot doesn’t like to do video interviews, but after much pestering, Chris Dixon got him to come on Founder Stories for a rare video appearance. We’ll be running the entire conversation throughout the week, including a sneak peek at what he’s doing with his latest startup, Canvas. (Disclosure: Dixon is also an investor in Canvas through Founder Collective).

In this first part, Moot explains the origins of 4Chan in the video above. Both the idea and software was borrowed from a Japanese site called Futaba channel, but 4chan took on a life of its own—a completely anonymous site where community members felt free to express themselves in all sorts of ways.

One of the unique characteristics of the site is that there are no archives. The most popular images, gifs, and comments bubble up to the top, and cascade through the site like a waterfall. Every so often, a meme will develop on the site and be picked up elsewhere.

In the video below, Moot talks about the evolution of memes, how they start as one thing and change over time. For instance Rickrolling (which thankfully is a meme in decline), got it’s start on 4chan as a bait and switch where the word eggroll became filtered into duckroll, and then people started linking the word to a picture of a duck on wooden wheels. Somehow this static image of the duck on wheels got posted to YouTube, where duckroll evolved into Rickroll.

Part of the appeal of 4Chan is to watch these memes as they spring up and influence them. Since everything is so ephemeral on the site, it’s hard to go back later and reconstruct what happened. “It’s hard to find a primary source,” says Moot, “the primary source deletes itself every five minutes.” Which is exactly why we need Know Your Meme, which was just purchased by the Cheezburger Network. According to Moot, the life cycle of a meme is that it starts on 4chan, is studied on Know Your Meme, and then is monetized by Cheezburger.

(Subscribe to Founder Stories on iTunes).

Topics

, , , , , , ,
Keep reading
Shaking Hands illustration
Image Credits:dane_mark / Getty Images
Venture

With AI, investor loyalty is (almost) dead: At least a dozen OpenAI VCs now also back Anthropic 

With OpenAI on the verge of finalizing a new $100 billion round, and Anthropic just closing its own monster $30 billion raise, one thing is clear: The concept of investor “loyalty” is only hanging on by a thread. 

At least a dozen direct investors in OpenAI were announced as backers in Anthropic’s $30 billion raise earlier this month, including Founders Fund, Iconiq, Insight Partners, and Sequoia Capital. 

Some dual investments are understandable if they come from the hedge fund or asset manager worlds, where their focus is still largely investing in public stocks (competitors or not). These include D1, Fidelity, and TPG.  

One of these was a bit shocking. Affiliated funds of BlackRock joined in Anthropic’s $30 billion raise even though BlackRock’s senior managing director and board member Adebayo Ogunlesi is also on OpenAI’s board of directors. 

In that world, it’s true that if various BlackRock funds get a chance to own OpenAI stock, they are likely to take it, never mind the personal association of a member of their senior leadership. (BlackRock runs every type of fund, including mutuals, closed-ends, and ETFs). And we all know the history of OpenAI and Microsoft’s relationship and why Microsoft is hedging its bets. Ditto for Nvidia. 

But venture capital funds have — until now — operated differently.

VCs market themselves as “founder friendly” and “helpful,” the idea being that when a VC firm buys a chunk of a startup’s company, the investor will help that startup be successful, particularly against its major rivals. If you are an owner of both OpenAI and Anthropic, who does your loyalty belong to, besides your own investors?  

Techcrunch event

Save up to $300 or 30% to TechCrunch Founder Summit

1,000+ founders and investors come together at TechCrunch Founder Summit 2026 for a full day focused on growth, execution, and real-world scaling. Learn from founders and investors who have shaped the industry. Connect with peers navigating similar growth stages. Walk away with tactics you can apply immediately.

Offer ends March 13.

Save up to $300 or 30% to TechCrunch Founder Summit

1,000+ founders and investors come together at TechCrunch Founder Summit 2026 for a full day focused on growth, execution, and real-world scaling. Learn from founders and investors who have shaped the industry. Connect with peers navigating similar growth stages. Walk away with tactics you can apply immediately

Offer ends March 13.

Boston, MA | June 9, 2026

Additionally, startups are private companies. They typically share confidential information with their direct investors on their business status — data that isn’t disclosed publicly the way it is with public companies. In many cases, the VCs also take board seats, which carries another level of fiduciary responsibility to their portfolio companies. 

What makes this particular case even more interesting is that Sam Altman comes from the world of venture capital, as a former president of Y Combinator. He knows the drill. In 2024, he reportedly gave his investors a list of OpenAI’s rivals that he didn’t want them to back. It largely included companies launched by folks who left OpenAI, including Anthropic, xAI, and Safe Superintelligence. 

Altman later denied that he told OpenAI investors they would be barred from future rounds if they backed his list of perceived rivals. Altman did admit that he said if they “made non-passive investments,” they would no longer receive OpenAI’s confidential business information, according to documents in the lawsuit between Elon Musk and OpenAI, Business Insider reported

AI is also breaking the mold because of the record-breaking amounts of money that the largest AI labs are raising as they experience never-before-seen growth (and never-before-seen data center needs). At some point, when the hat is being passed around, the needs are so great and the possibilities of returns are so large, who can be expected to say no? 

It turns out that not all venture investors have yet slid down the slippery slope. Andreessen Horowitz backs OpenAI but not (yet) Anthropic. Menlo Ventures backs Anthropic but not (yet) OpenAI, for instance.

In fact, in our admittedly not exhaustive research, we found a dozen investors that appear to only have direct investments in one of these companies, not both. 

Others include Bessemer Venture Partners, General Catalyst, and Greenoaks. (Note: We originally asked Claude to give us the list of dual investors. It got almost as many entries wrong as it got right, so all this for a very cool tech whose work sometimes remains less trustworthy than an intern’s.)

Still, as we previously reported, the fact that this longstanding rule has been tossed by some of the most respected firms in the Valley, like Sequoia, is notable. One investor we reached out to simply shrugged and said that as long as the firm doesn’t have a board seat, no one sees the harm in it anymore.  

Still, conflict-of-interest policies should now become another thing that founders ask about before signing that term sheet, no matter who it’s from. 

Topics

, , , , , ,
Loading the next article
Some areas of this page may shift around if you resize the browser window. Be sure to check heading and document order.
word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word word

mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1

Support Us by Disabling Your Adblocker

Our content is made possible by the support of our advertisers. Please consider disabling your adblocker to help us continue delivering quality content you love.
| Contact support