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A Reminder To Investors

blog.ycombinator.com

41–50 of 290 posts

Re: A Reminder To Investors

#41
post #34
post #4

Such a simple thing to write, but so useful. Waiting excitedly to see who else will follow suit. Good call.

Is it a big problem then? I'm waaaay out of start up circles so I'm surprised it even needs to be stated.

We know it does happen. Then: the optics that result from however many incidents happen have an outsized impact on all women (and, for that matter, similarly vulnerable men) considering venturing into VC-funded tech.

Re: A Reminder To Investors

#42
post #33
post #8

Earlier quoted context omitted.

Correct: if your interactions with a founder are cabined by professional settings --- demo days, funding pitches, going for coffee to talk about their company --- romantic overtures are inappropriate. Similarly: if you're in process, at any stage, with a company, overtures to their founders are inappropriate.

What about simply asking for his number?

Phone number for a business conversation? Of course.

This isn't difficult. I know techies have a reputation for being socially awkward but if you're suggesting that asking for someone's phone number in a business context could be mistaken for asking in a romantic context then you're wrong. It's very, very easy to define intention.

Re: A Reminder To Investors

#43
post #27
post #8

Earlier quoted context omitted.

Correct: if your interactions with a founder are cabined by professional settings --- demo days, funding pitches, going for coffee to talk about their company --- romantic overtures are inappropriate. Similarly: if you're in process, at any stage, with a company, overtures to their founders are inappropriate.

It's important to understand WHY this is so: if you're an investor you are in a position of power over a founder. It is not possible in such a situation to make a romantic overture that is not tainted by the possibility that you are looking for a quid-pro-quo even if in fact you are not.

You know, I'm rather surprised that there hasn't/isn't a fund or group set up explicitly for that purpose--just being up front that yeah, there's tit-for-tat, if you want funding you may have to deal with this nonsense. I further wonder how close that would skirt the lines of laws against prostitution.

I imagine such a thing would be amazingly toxic and hopefully collapse into a vortex of bad.

EDIT:

It's an offensive idea, sure, but at least explain why you're downvoting. This is a solid example of downvoting in HN being used incorrectly. I hadn't advocated for such an arrangement, and merely brought up a question of "does such a thing exist?" and a prediction that such a thing would implode quickly.

Re: A Reminder To Investors

#46
post #31
post #9

Was there something to spark this post? Or is it simply a reminder?

Nothing too specific. I read this article last week and found it appalling: http://www.forbes.com/sites/jeffbercovici/2014/08/07/what-it...

That's really fucked up. Definitely a problem that needs to be called out and dealt with. I'm glad YC is making a stand.

Re: A Reminder To Investors

#47
post #14

I perfectly understand intolerance towards sexual harassment but I wonder what qualifies as "inappropriate romantic behavior" in this context. You can not ask a founder "on a date"? What's if is the other way around? EDIT: of course this is coming from a nobody. I'm just curious.

Any kind of romantic behavior is probably inappropriate, due to the power/incentive imbalance. A founder is trying to get money, an investor has money, and romantic overtures are really difficult to separate from the "getting money" problem.

exactly. The same reason its inappropriate for a professor/student, camp director/camp counsellor, adult/ child, prison guard/inmate etc etc.

Power vs no power means too risky for unhealthy relationship.

Re: A Reminder To Investors

#48
post #7

Earlier quoted context omitted.

You wait until after demo day and the conflict of interest has cleared, before asking someone on a date. It's not that tough.

Still inappropriate after demo day. Investors are a tight knit group and retaliatory action is always a concern. The recent two exposes from two female founders both pointed to investors' power/influence as coercive factors, even if no specific deal is on the table. It's maybe unfortunate it has to be this way, but investors should not hit on founders, full stop . For those who didn't see this when it was making its…

> When she asked why, he told her. “I don’t like the way women think,” he said. “They haven’t mastered linear thinking.” To prove his point, he explained that his wife could never prioritize her to-do lists properly. And then, as if he was trying to compliment her, he told Tucker she was different. “You’re more male,” he said.

This sounds like something a cartoon villain would say, but there's research that shows that the way men relate to their wives colors how they view women in their workplace. If you're a woman and your boss doesn't respect his wife's intellect, then it's going to be that much harder to make him respect your's.

Re: A Reminder To Investors

#49
post #34
post #4

Such a simple thing to write, but so useful. Waiting excitedly to see who else will follow suit. Good call.

Is it a big problem then? I'm waaaay out of start up circles so I'm surprised it even needs to be stated.

See the part about chickenhawking in this article: http://michaelochurch.wordpress.com/2013/12/14/vc-istan-6-th...

Re: A Reminder To Investors

#50
post #18

She hasn't made the point "explicit" (stated clearly and in detail, leaving no room for confusion or doubt [1]), because it isn't clear what "inappropriate" means. edit: Using the word "inappropriate" makes the statement ambiguous because it states there is some sexual or romantic behavior that is "appropriate" (suitable or proper in the circumstances) [2]. If the intent here is to state that sexual or romantic behav…

Demo Day is a business context. If you are an investor talking to the founder of a YC startup, it's a business conversation. There shouldn't be any hint of romance, dates, flirting. Explicit enough for you?

That's your understanding of inappropriate, which is completely irrelevant to the discussion unless you are Jessica Livingston. That's exactly my point in the original post.
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