Duplicate of https://news.ycombinator.com/item?id=47634405
Delve removed from Y Combinator
271–280 of 344 posts
Re: Delve removed from Y Combinator
#272Earlier quoted context omitted.
I'd called out fraud (blatant lying in investor updates) at a VC backed startup where I was a technical co-founder, once. I emailed all the investors and presented all the evidence to them. They decided to not rock the boat and keep my charlatan co-founder. So, I left. Now, the company is slowly bleeding to death.
To be fair, I’m not sure blatant lying in investor updates alone constitutes fraud. There needs to be harm (or the intent thereof) AFAIK. The other party needs to be using that information to make a decision. If you give me a dollar and then later I tell you I’m actually Beyonce, is that fraud? Or am I just a lying sonofabitch?
If I give you a dollar and you say it’s being spent wisely, Beyonce loves the product, you’re about to land Taylor Swift as pro bono public ambassador… yeah that’s fraud.
Re: Delve removed from Y Combinator
#273Earlier quoted context omitted.
YC has no problem with morally questionable behavior, many YC startups do things that are just as shady. YC is, ultimately, not responsible for what these startups choose to do. Delve’s problem is that they betrayed so many other YC companies in the process. An important value of being in YC is access to a ready-made customer base. The licensing issue is nothing compared to their fake audits but it is an affront to t…
> YC is, ultimately, not responsible for what these startups choose to do. Of course they're responsible for their investments; they're just not liable. YC has a lot to answer for in the damage it's wreaked over the years.
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Re: Delve removed from Y Combinator
#274Someone 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…
"They've betrayed my trust but I wish them well" is an interesting statement.
It’s what you say to establish it’s a professional action taken for business reasons.
Re: Delve removed from Y Combinator
#275Having 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…
We have done SOC2 and it's not fake. Its real and enforced some good practices and we spent a lot of time collecting evidence and submitting it. You can take it seriously or you can choose not to.
What evidence did you collect that was not automated?
Re: Delve removed from Y Combinator
#276[dead]
Re: Delve removed from Y Combinator
#277Re: Delve removed from Y Combinator
#278Earlier quoted context omitted.
Don't you wish well on people you don't want to associate with? It would be interesting if you didn't, imo.
> 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.
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Re: Delve removed from Y Combinator
#279Earlier quoted context omitted.
This function exists in every publicly traded public company, and is called internal audit. It has the potential to be incredibly impactful, but often devolves into box ticking (like many compliance functions). And it's really hard to find technical people to do the work, as it's generally perceived as a cost centre so tends not to get budget.
Nobody really tries to get technical people to do the work. Like cool, it's a great idea and would potentially produce positive results if done well, but the roles pay half the engineering roles, and the interviews are stacked towards compliance frameworks. There's very little ability to fix a large public company when HR is involved
Speaking as a technical (data) person currently working in internal audit for a not quite public company, it's not entirely uncommon.
I do agree that the pay isn't great, but it's the fact that it's considered a cost centre that's been the issue for me.