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Delve removed from Y Combinator

ycombinator.com

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Re: Delve removed from Y Combinator

#71

Post by pdpi »

rapind wrote: post #67
avaer wrote: post #57

Earlier quoted context omitted.

I wonder if the kind of personality that gets you on 30U30 correlates with being willing to engage in massive fraud, and being able to get away with it for a minute. Holmes, SBF, Shkreli, Charlie Javice, Ishan Wahi...

Not sure it's exclusively a U30 thing. When it comes to grift and fraud, a well known 79 year old comes to mind.

I'd focus less on the U30 part, and more on the 30U, if that makes sense — the problem is with people who seek that sort of attention (and that 79 year old certainly qualifies as wanting that sort of attention). For those people, their businesses are a means to an end in the most cynical way possible.

Re: Delve removed from Y Combinator

#72

Post by bpodgursky »

afavour wrote: post #37
borski wrote: post #19

Earlier quoted context omitted.

Ignoring a law is different from knowingly and intentionally breaking the law, especially when that law is actual intentional fraud. Also, there was no “endgame.” They weren’t trying to change the law; they were exclusively breaking it for profit.

> Ignoring a law is different from knowingly and intentionally breaking the law This is something Airbnb has facilitated for a very long time, no? And Uber, back when it started. From a legal perspective I don’t see that it matters whether you’re trying to change the law or not. You’re either following it or breaking it.

The difference is that Airbnb customers used Airbnb because they thought hotel regulations were dumb and overbearing (or at least, they didn't care about the laws). Delve customers were literally trying to obey the law and Delve (allegedly) lied to them about it.

Re: Delve removed from Y Combinator

#74

Post by minimaxir »

everfrustrated wrote: post #41

Someone leaked an internal Bookface chat from Garry Tan (YC CEO) saying: We have asked Delve to leave YC. YC is a community, not just an accelerator. The founders in our community have to trust each other, and we have to trust them. When that trust breaks down, there's really only one thing to do. We're not going to get into the details publicly. We wish them well. https://x.com/___4o____/status/2040271468874076380 I…

The text implies it’s more due to the alleged license violation of a YC startup’s IP than the alleged fraud.

Re: Delve removed from Y Combinator

#76

Post by nurettin »

GaryBluto wrote: post #13
carabiner wrote: post #7

Bye-bye tweet from founder: https://x.com/kocalars/status/2040262537166618887 Notably YC hasn't wished them a farewell.

> striving to make the world a better place. Why do all start-ups say this? I don't think there are many companies publicly saying "We're going to go 'scorched earth' on everybody."

Striving to make the world a better place for us. Is what is implied.

Re: Delve removed from Y Combinator

#77

Post by jmcgough »

nfw2 wrote: post #61

It's not just about delve. It's about yc's model. YC encourages YC companies to trust other YC companies even though they are early. If you can't trust your batch mates for something as crucial as compliance, the model doesn't work.

They've graduated 5,000+ companies, so some fraud is hard to avoid, especially with young hungry founders willing to do anything to succeed. Honestly, it's a pretty good track record that there's only been a handful of companies like this.

Re: Delve removed from Y Combinator

#79

Post by kstrauser »

minimaxir wrote: post #74
everfrustrated wrote: post #41

Someone leaked an internal Bookface chat from Garry Tan (YC CEO) saying: We have asked Delve to leave YC. YC is a community, not just an accelerator. The founders in our community have to trust each other, and we have to trust them. When that trust breaks down, there's really only one thing to do. We're not going to get into the details publicly. We wish them well. https://x.com/___4o____/status/2040271468874076380 I…

The text implies it’s more due to the alleged license violation of a YC startup’s IP than the alleged fraud.

Really? I know nothing about this other than what I've read here, but my first guess was the breakdown in trust means the allegations of fake audits.
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