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A Reminder To Investors

blog.ycombinator.com

161–170 of 290 posts

Re: A Reminder To Investors

#161

Possibly prompted by this anonymous Forbes piece making the rounds on Twitter recently: http://www.forbes.com/sites/jeffbercovici/2014/08/07/what-it...

The power dynamic of sex influences men's inappropriate behavior. The investor no doubt had a sexual fantasy when he invited the female CEO over to his house and began drinking wine and massaging her. He wanted his investment to be symbolic, to reduce her to a whore. This is misogyny.

Re: A Reminder To Investors

#162

Earlier quoted context omitted.

I guess I'm not as easily impressed as you are. Sam Altman recently wrote[1], "Yes, it’s awful to hear the horror stories of wildly inappropriate behavior from investors to the entrepreneurs pitching them. (Unfortunately, stories like these are not super rare, but because there’s a big cost to going public with them, most never get told. My hope is that YC has enough leverage at this point to make it clear that this…

Here is a translation of Altman's message from powertalk into english: "Dear feminists and rabble rousers, we recognize your power. We are on your team. We will genuflect in the direction of those things you consider holy. Please don't target us." (For those unfamiliar with the term, "powertalk" is the in-group language of powerful people.) http://www.ribbonfarm.com/2009/11/11/the-gervais-principle-i... YC is attempt…

This is a really unfortunate comment. The actual points it makes are superficial and, unusually for you, not backed by anything other than anecdote. It's mean-spirited. And most importantly, it's written in a way that can't possibly persuade anyone who isn't already on your side. You're too smart to believe you're trying to communicate here, so I'm left believing you're writing this comment just to stick a fork in people's eyes.

I know this doesn't mean anything because I'm just some random Internet stranger you don't actually know, but as someone who has stuck up for your comments in the past, I've been made to feel embarrassed by this one.

I will, of course, get over both it and, later, myself.

Re: A Reminder To Investors

#163
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.

Since there are some founders who go through YC more than once, that's not good enough. There are 6 billion people on this planet. It's not that hard to figure out as a YC investor: if it's a YC founder, they're no longer part of that pool. Period. I'm amazed at the amount of "but what if ..." discussion here

That definition works for me.

Re: A Reminder To Investors

#164

Earlier quoted context omitted.

Here is a translation of Altman's message from powertalk into english: "Dear feminists and rabble rousers, we recognize your power. We are on your team. We will genuflect in the direction of those things you consider holy. Please don't target us." (For those unfamiliar with the term, "powertalk" is the in-group language of powerful people.) http://www.ribbonfarm.com/2009/11/11/the-gervais-principle-i... YC is attempt…

Saying that feminists are in a position of power is utterly ridiculous.

You're right; I wouldn't call it "feminists" but the "PC Police".

Re: A Reminder To Investors

#165

Earlier quoted context omitted.

The anonymity in that article doesn't help. It doesn't matter how much money you have the kind of behavior described in that article is unacceptable. I like to think that the majority of technologists and entrepreneurs are humanists and they are in it to make the world a better place. I also like to think that if the article wasn't anonymous there would be non-violent collective action to make it known in no uncertai…

>they are in it to make the world a better place No, saying that you want to make the world a better place, and saying that whatever you are working on makes the world a better place, is entirely (100%) different from actually taking the necessary actions to solving known and common world problems and actually making the world a better place. The level of hypocrisy in tech is beyond ridiculous.

Sure but you're not going to solve the immediate problem of the various imbalances in the tech world in terms of gender equality and general power imbalances if stuff like this continues to remain anonymous. It might not seem like it but by choosing where, how, and who I work for I'm making a deliberate choice. I know that this is a luxury and that not many people have it but I like to put that luxury to good use and not work for anyone or provide my expertise to anyone that is even peripherally related to whoever is in that article.

Re: A Reminder To Investors

#166
post #73

Earlier quoted context omitted.

It sounds like your saying, "Why isn't there a VC firm that states outright you might be sexually harassed to receive funding" How are you possibly surprised that isn't a thing...? Of course it's not and never could or should be. You're comment is being down-voted because it's pretty ridiculous; the extremely low possibility(non-existant) coupled with the offensive nature of the concept as a whole makes it mind-boggl…

So, let's actually explore the idea a bit, and you'll see that it actually is not completely worth dismissing outright. One of the big problems with unwanted romantic advances is that they can come unexpectedly: you're there to do a deal, and the other person is trying to find a way of getting in your pants; you give out your number for business, other person calls you with non-business propositions. It's stressful a…

This comment was killed by user flags.

Re: A Reminder To Investors

#167

Earlier quoted context omitted.

Here is a translation of Altman's message from powertalk into english: "Dear feminists and rabble rousers, we recognize your power. We are on your team. We will genuflect in the direction of those things you consider holy. Please don't target us." (For those unfamiliar with the term, "powertalk" is the in-group language of powerful people.) http://www.ribbonfarm.com/2009/11/11/the-gervais-principle-i... YC is attempt…

Saying that feminists are in a position of power is utterly ridiculous.

Tell that to Tom Preston-Werner.

Re: A Reminder To Investors

#168

Earlier quoted context omitted.

Sam Altman acknowledges that stories of this behavior are not "super rare", but that "most" stories don't get told for obvious reasons. Y Combinator states that Demo Day is attended by "most of the world’s top startup investors." This is a large group of people. Given the size of the investor pool and apparent prevalence of this behavior, the "nearly all the investors we know are completely upstanding and professiona…

You have provided neither the evidence nor the logic that could guide us towards your extraordinary claim that it is "preposterous" that most of the investors YC works with aren't harassing women.

I didn't claim that most investors Y Combinator works with are harassing women. I stated that it is preposterous for Y Combinator to suggest that it knows that "nearly all" investors it's dealing with are "completely upstanding and professional." As I wrote, "There is simply no way for anybody to know all of the investors who are behaving badly." As Sam Altman has acknowledged, most instances of this behavior go unreported, so most of the folks engaged in it are not known to be engaged in it. If you can't follow that logic...

Your suggestion that I somehow claimed most investors working with YC are harassing women is so absurd as to be comical. I don't know what your agenda is, and frankly don't care, but if you're going to try to distort what I wrote, I'm confident you can do a better job.

Re: A Reminder To Investors

#169

Possibly prompted by this anonymous Forbes piece making the rounds on Twitter recently: http://www.forbes.com/sites/jeffbercovici/2014/08/07/what-it...

I can't imagine how utterly disheartened I'd be as an entrepreneur if I went to an investor's home and had an experience like that when starting out raising money.

Re: A Reminder To Investors

#170

Earlier quoted context omitted.

One day there may be a VC that only interacts with potential investments through the internet where no age, gender, height, orientation, religion, etc. is ever disclosed, both by the investor and investees. The only information to go off of would be the product/service, the business plan, and the integrity of the idea. Funny how this hasn't really caught on yet...

This will never happen because investors don't strictly invest in ideas. They also invest in people. Pg would fund any Zuckerberg idea, not because of the idea, but because of Zuckerberg's qualities. Or, put differently, Facebook minus Zuckerberg may have failed. Their early years were tenuous, and one wrong decision about what users would or wouldn't tolerate may have broken their momentum. You can't assess that via…

What are the enumerated qualities of founders that can only be discerned live in person in relation to profitable product development in an age when you can hire out your PR to another person? Genuinely curious about this. I grew up on the internet, before people used their real names, when people were debating ideas and not entrenched with identity politics. I earned my first freelance job as an 8th grader and those people in the UK had no idea my age or gender, just that I could make something for them.
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