This is going to fall off the front page very quickly, just watch. The mods suppress anything that makes YC or anything they invest in look bad
You predicted it. Already on page 3. Algorithmic or not, we'll never know.
Sam Altman is not on YC's board. So why claim to be its chair?
11–20 of 192 posts
Re: Sam Altman is not on YC's board. So why claim to be its chair?
#12I only skimmed through the beginning but I am not sure what the news is. Looks like they mostly/only? pulled it from some filings that I am sure was being put together by third party agents.
> I am not sure what the news is
The news is that lying on those filings is a federal crime and can lead to jail time (for normal people who are actually subject to law).
Re: Sam Altman is not on YC's board. So why claim to be its chair?
#13Re: Sam Altman is not on YC's board. So why claim to be its chair?
#14I only skimmed through the beginning but I am not sure what the news is. Looks like they mostly/only? pulled it from some filings that I am sure was being put together by third party agents.
> I am not sure what the news is The news is that lying on those filings is a federal crime and can lead to jail time (for normal people who are actually subject to law).
Your distorted view of Altman is probably causing you to go down the wrong path of securities law.
1) I don't believe even if malicious this would be a criminal case that leads to jail time.
2) The s-1 filings are prepared and audited by third party companies.
3) Most likely in this case, these positions are listed to outline any potential conflicts of interest. I am not well read on the matter but I could see that you would list potential engagements to note the conflict of interest even if they are not finalized.
Re: Sam Altman is not on YC's board. So why claim to be its chair?
#15Sam Altman is a pathological liar https://www.theregister.com/2024/05/29/ex_openai_board_membe... https://www.wheresyoured.at/sam-altman-is-full-of-shit/
When you or I lie on a resume the background check knocks us out of the job. But when the CEO lies on a resume, nothing happens.
> But when the CEO lies on a resume, nothing happens.
this can be considered as essential job function, so checking the quality of lying is a part of interviewing process.
Re: Sam Altman is not on YC's board. So why claim to be its chair?
#16Earlier quoted context omitted.
> I am not sure what the news is The news is that lying on those filings is a federal crime and can lead to jail time (for normal people who are actually subject to law).
Your distorted view of Altman is probably causing you to go down the wrong path of securities law. 1) I don't believe even if malicious this would be a criminal case that leads to jail time. 2) The s-1 filings are prepared and audited by third party companies. 3) Most likely in this case, these positions are listed to outline any potential conflicts of interest. I am not well read on the matter but I could see that y…
> 2) The s-1 filings are prepared and audited by third party companies.
does it completely release liability?
Re: Sam Altman is not on YC's board. So why claim to be its chair?
#17Earlier quoted context omitted.
> I am not sure what the news is The news is that lying on those filings is a federal crime and can lead to jail time (for normal people who are actually subject to law).
Your distorted view of Altman is probably causing you to go down the wrong path of securities law. 1) I don't believe even if malicious this would be a criminal case that leads to jail time. 2) The s-1 filings are prepared and audited by third party companies. 3) Most likely in this case, these positions are listed to outline any potential conflicts of interest. I am not well read on the matter but I could see that y…
> The s-1 filings are prepared and audited by third party companies.
And signed by…whom?
Re: Sam Altman is not on YC's board. So why claim to be its chair?
#18Sam Altman is a pathological liar https://www.theregister.com/2024/05/29/ex_openai_board_membe... https://www.wheresyoured.at/sam-altman-is-full-of-shit/
He used Chat GPT to hallucinate his CV, I guess.
Re: Sam Altman is not on YC's board. So why claim to be its chair?
#19Earlier quoted context omitted.
Your distorted view of Altman is probably causing you to go down the wrong path of securities law. 1) I don't believe even if malicious this would be a criminal case that leads to jail time. 2) The s-1 filings are prepared and audited by third party companies. 3) Most likely in this case, these positions are listed to outline any potential conflicts of interest. I am not well read on the matter but I could see that y…
> The s-1 filings are prepared and audited by third party companies. And signed by…whom?
That’s not really the point. The point is that this disclosure is immaterial to the spac and might have been true or in process to being true at the time of filing. Nothing will come of this other than a handful of people getting upset.
Re: Sam Altman is not on YC's board. So why claim to be its chair?
#20Earlier quoted context omitted.
Your distorted view of Altman is probably causing you to go down the wrong path of securities law. 1) I don't believe even if malicious this would be a criminal case that leads to jail time. 2) The s-1 filings are prepared and audited by third party companies. 3) Most likely in this case, these positions are listed to outline any potential conflicts of interest. I am not well read on the matter but I could see that y…
> 2) The s-1 filings are prepared and audited by third party companies. does it completely release liability?
No but the point being that multiple people looked at this and most likely this is immaterial to the S1 and would never be on the radar for the SEC.