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Delve removed from Y Combinator

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321–330 of 344 posts

Re: Delve removed from Y Combinator

#321
post #98
post #34

I'm getting the impression that a lot of people in this thread think this is because they violated an open-source license and saying things to the effect of, "they're just the ones who got caught". I also thought that was the scandal initially. (And when it comes to license violations, yes, there's absolutely more where that came from.) But that's just the cherry on top. I don't think they're being thrown out because…

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…

This is definitely why they're removed from YC. Their practices affect other YC companies like Lovable and such and that's absolutely unacceptable.

Re: Delve removed from Y Combinator

#322
I like that this sets the precedent that if you want people on HN to believe that they’ve dropped any arbitrary company you just have to point to a convincing-looking url on the ycombinator domain and the 404 signals that you are both correct and following the rules.

Re: Delve removed from Y Combinator

#323

Earlier quoted context omitted.

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.

Yes, I just described the difference.

It is clearly different because in one case you are not guilty of fraud.

Being guilty of a crime plus fraud is obviously worse than just being guilty of the crime.

Breaking the law by stealing a loaf of bread is obviously different to killing one million people but "both boil down to breaking the law" - I'm not sure that comment contains that much information.

Re: Delve removed from Y Combinator

#324
post #34

I'm getting the impression that a lot of people in this thread think this is because they violated an open-source license and saying things to the effect of, "they're just the ones who got caught". I also thought that was the scandal initially. (And when it comes to license violations, yes, there's absolutely more where that came from.) But that's just the cherry on top. I don't think they're being thrown out because…

There's an excellent podcast and writeup on this from Patrick mcKenzie, which explains the story in more detail, including an interpretation of their statement and background on why this is a scandal in the first place. https://www.complexsystemspodcast.com/episodes/delve-into-co...

Write up is supposed to be concise..

Re: Delve removed from Y Combinator

#325
post #34

I'm getting the impression that a lot of people in this thread think this is because they violated an open-source license and saying things to the effect of, "they're just the ones who got caught". I also thought that was the scandal initially. (And when it comes to license violations, yes, there's absolutely more where that came from.) But that's just the cherry on top. I don't think they're being thrown out because…

There's an excellent podcast and writeup on this from Patrick mcKenzie, which explains the story in more detail, including an interpretation of their statement and background on why this is a scandal in the first place. https://www.complexsystemspodcast.com/episodes/delve-into-co...

Thanks for this -- I remember when this broke I thought "I'll wait for Patrick McKenzie's take" and then promptly forgot to keep checking for it.

Re: Delve removed from Y Combinator

#326

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…

Is this the first time Bookface screenshots have been published publicly?

Re: Delve removed from Y Combinator

#327

Earlier quoted context omitted.

Yes. But I'm not working at either company and I'm 99.9% sure that it would lead to absolutely nothing other than a lot of misery for myself. The NDA's I sign have some pretty stiff penalties attached. I was actually hoping to see my trust in the auditing company confirmed and I'm still more than a little bit annoyed that they did not respond in a more constructive way. My response however is a simple one: I used to…

Similar boat. Seen the same shenanigans being played with actors who really should know better - everything from military secrets to medical data, and absolutely YOLOing it with an audit mill. I have it on good authority that there are superuser credentials floating around for their production systems that they’ve lost track of. And no, I won’t whistleblow either, as it would mostly be me that would face repercussion…

No NDA can prevent you from making protected communications about fraud, illegal activity, etc. If you have seen fraud that involves the military you can make an anonymous report to the DOD IG. If it involves medical data you can make an anonymous report to the HHS IG. Or, if you want to get rich off of it, there's another option. Happy to chat.

Re: Delve removed from Y Combinator

#328
post #128

Earlier quoted context omitted.

Have you considered whistleblowing?

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.

if they touch the federal government, feel free to ping me. I can walk you through how to report to people who will actually do something about it and do so anonymously

Re: Delve removed from Y Combinator

#329
post #117

Earlier quoted context omitted.

It's auditing, nobody that is good at doing anything goes to auditing, unfortunately its one of those jobs. I haven't interacted with any auditor that actually understood all they were auditing, some are better than others but the average is worse than almost any other job description I have dealt with.

You should check out the banking industry sometime if you'd like to interact with a competent auditor. Compliance gets taken quite seriously in an industry where one of your principal regulatory bodies has the power to unilaterally absorb your business and defenestrate your entire leadership team in the middle of the night.

Usually on a Friday night. If you see a bunch of rental cars hanging out near a bank HQ on a Friday afternoon, get all your money out before the doors close. FDIC is about to wreck shop.

Re: Delve removed from Y Combinator

#330

Earlier quoted context omitted.

You should check out the banking industry sometime if you'd like to interact with a competent auditor. Compliance gets taken quite seriously in an industry where one of your principal regulatory bodies has the power to unilaterally absorb your business and defenestrate your entire leadership team in the middle of the night.

Usually on a Friday night. If you see a bunch of rental cars hanging out near a bank HQ on a Friday afternoon, get all your money out before the doors close. FDIC is about to wreck shop.

They do it on a Friday so they can work through the weekend and reopen the bank on Monday as a branch of a different bank which is solvent, so I wouldn't worry too much. I'd be more worried about putting my money in a fintech not regulated by FDIC or NCUA (though many contract with a "real" bank so that your money is still protected).
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