They delved too greedily and too deep.
Delve removed from Y Combinator
281–290 of 344 posts
Re: Delve removed from Y Combinator
#282This other profile is still up: https://www.forbes.com/profile/delve/ 30U30 never ceases to amaze.
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...
The 30 Under 30 Fraud Watch
Re: Delve removed from Y Combinator
#283Sure, most companies could add an About section and probably put this behind them pretty quickly. They could have even hired someone like Delve to assure this kind of thing wouldn’t happen again. But Delve themselves can’t really do any of that. They’ve screwed up on a fundamental piece of their own business model. Their core offering *is* Compliance as a Service! How could I trust their word that they’ll ensure my c…
You’re right, you can’t. Unlike Zenefits, which had (allegedly?) committed fraud for part of their business in the interest of moving faster, and then Parker came back with Rippling… These guys’ entire and actual business model was fraud.
zenefits didnt commit fraud in the social sense they allowed people to sell real financial products without having a broker licence. its more like not wearing seatbelts than scamming people
the car was real, but there was no drivers licence. 'licence fraud' -> fraud
delve is an actual scam
Re: Delve removed from Y Combinator
#284Having gone through the SOC2 process multiple times and having worked with and read SOC2 reports from many public companies, it's difficult for me to understand the outrage. The specific fraud allegations are bad (lying about US based auditors) but it's completely normal and common for soc2 reports to be templates with no company specific information. It would be unusual for reports to include anything about the spec…
>it's difficult for me to understand the outrage.
It's pretty simple. Compliance is legally important, and faking compliance exposes companies to extraordinary legal liability. Being lied to about your compliance warrants outrage.
>SOC2 is basically fake
This isn't true, but if it were, it would justify outrage in its own right.
Re: Delve removed from Y Combinator
#285Having gone through the SOC2 process multiple times and having worked with and read SOC2 reports from many public companies, it's difficult for me to understand the outrage. The specific fraud allegations are bad (lying about US based auditors) but it's completely normal and common for soc2 reports to be templates with no company specific information. It would be unusual for reports to include anything about the spec…
>it's difficult for me to understand the outrage. It's pretty simple. Compliance is legally important, and faking compliance exposes companies to extraordinary legal liability. Being lied to about your compliance warrants outrage. >SOC2 is basically fake This isn't true, but if it were, it would justify outrage in its own right.
I don't understand in what sense they faked the process.
What I've heard described is substantially similar to other SOC2 processes I've seen
And yes SOC2 is fake. Have you ever heard of a startup failing to get soc2 or doing more than a few hours of work to get into compliance?
Re: Delve removed from Y Combinator
#286YC needs to go back to how it was. Choosing those who know what they are doing, and have been in the game for long and not blindly choose those who have graduated from tier-1 institutions. University degrees mean nothing at the end of the day. And please stop investing in slop/wrappers. They do not solve World's problems. I feel there has been complacency set into investing in general where investors are chasing quic…
>choose those who have graduated from tier-1 institutions. University degrees mean nothing at the end of the day. It means everything for YC's model. YC does not care about the software. They care about the founders. YC's model and ecosystem is explicitly designed to be a who's who club of interconnected founders that are very, very encouraged to """rely""" on each other when building their companies. YC uses a lot o…
yes obvious but this is not a secret, its the whole point of yc
yc is explicitly an imitation of harvard , right down to calling people 'alumni'
this is how to find supertalent. much like american idol it works well but not for everyone
Re: Delve removed from Y Combinator
#287Great to see them take action. I'm waiting for cambioml next. A married couple notorious for fraud that apparently relocated to ME as a result. That's outside of the terrible treatment of ripping off interviewees (see: https://www.reddit.com/r/devops/comments/1n7cdua/got_a_devop... ). Won't even comment on other stories I've heard related to them screwing over employees/cofounders.
Damn. Deepmind, Stanford, Berkeley, only to end up doc parsing for Applied Systems/Ezlynx, and scamming redditors
Re: Delve removed from Y Combinator
#288Earlier quoted context omitted.
"They've betrayed my trust but I wish them well" is an interesting statement.
Don't you wish well on people you don't want to associate with? It would be interesting if you didn't, imo.
No, if I believed wishes, hopes and prayers affected anything why would I waste the finite quantity of them on random people let alone people I professionally separated myself from?
As Donald Draper once said "I don't think about you at all."
Re: Delve removed from Y Combinator
#289Earlier quoted context omitted.
> people you don't want to associate with That’s an oversimplification of what your parent comment said, which was someone who has betrayed your trust . > It would be interesting if you didn't Why? What’s interesting about it? You don’t have to actively wish harm on people who harmed you, but there’s nothing strange about not wishing them well.
You make it sound like wishing harm or wishing wellness are activities while not wishing anything is just the default passive state. To me the default posture is not indifference, but wishing wellness. We throw around words like "interesting", which is a subtle way to say "not normal", which is a subtle way to say that that's not how we would behave and that we think that others shouldn't behave that way either. So I…
> You make it sound like wishing harm or wishing wellness are activities while not wishing anything is just the default passive state. To me the default posture is not indifference, but wishing wellness.
It looks like you've misinterpreted both what I said and what latexr said. Allow me to clarify and reorient the conversation back to the original direction...
First, neither of us is the universal subject. Your default feeling and my default feeling are not "the" default feeling. There's no such thing as "the" default feeling.
Second, nothing I or they said has anything to do with any "default passive state", because this is not a "default passive" situation. The word "betray" here is important. "Betrayal" happens actively, not passively. Feel however you want to feel about your passive default situations. This situation is different.
The only way someone can "betray" trust is by invalidating trust on purpose. If they harm you on purpose without trust, they have not betrayed any trust because there was none. If they invalidate trust accidentally, they have not "betrayed" the trust. They only "betray" your trust if you put trust in them and then they invalidate the trust intentionally.
> I'll just say that I wish it was normal to wish well to others, regardless of their actions
How very noble. Anyway, sorry Siddhartha, if someone actively "betrays" me they can go die in a fire. That has nothing to do with my "default passive" feeling about people.
Re: Delve removed from Y Combinator
#290Earlier quoted context omitted.
> Working around arguably dumb regulations... ...is breaking the law
Yes, but there is a difference between: 1. Customers want to do something, you help them do it, but it's illegal. 2. Customers want to do something, you tell them you did it, but you were lying and defrauding them.
Is there? At the end of the day both boil down to breaking the law. It’s not better to break the law because someone paid you to do so.