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My impression of YC has never been that it is some hand-holding after school special. This is an investment firm in the world of business and the world of busin

My impression of YC has never been that it is some hand-holding after school special. This is an investment firm in the world of business and the world of business is very serious. As a startup founder, you are treated as an adult and that includes both the freedoms and responsibilities implied. That said, you may have a point here. If there is a recurring issue that some founders are too immature for their own good and might be a risk to their own personal safety (e.g., committing felonies out of pure ignorance), YC should probably be intentional about filtering those people out during applications. But this article isn't just about YC candidates and that's not a solution for the whole industry.

gohrt 11y ago
It's strange that you think that an investor who owns 7% of a company is "being serious" by declining to do any diligence about illegal behavior undertaken by management.
- dang 11y ago
  You have no basis for that statement.
  - mildbow 11y ago
    Isn't the whole article pretty much basis for that ? :( If sam is saying YC founders are using terms wrong, doesn't that imply that YC was fine with those terms? So confused. Anyway, the simple fix would be to just have a 1-3 day finance bootcamp to make sure everyone speaks the same language. Rather than getting everyone to try to being kinda-sorta competent.
    - dang 11y ago
      > Isn't the whole article pretty much basis for that For "declining to do any diligence about illegal behavior"? Of course not. Why did this topic come up in the first place? Re lack of diligence, it's astonishing how people jump to make mean, false statements without a second's pause to consider the obvious.
gohrt 11y ago
It's strange that you think that an investor who owns 7% of a company is "being serious" by declining to do any diligence about illegal behavior undertaken by management.

gohrt 11y ago

It's strange that you think that an investor who owns 7% of a company is "being serious" by declining to do any diligence about illegal behavior undertaken by management.

dang 11y ago
You have no basis for that statement.
- mildbow 11y ago
  Isn't the whole article pretty much basis for that ? :( If sam is saying YC founders are using terms wrong, doesn't that imply that YC was fine with those terms? So confused. Anyway, the simple fix would be to just have a 1-3 day finance bootcamp to make sure everyone speaks the same language. Rather than getting everyone to try to being kinda-sorta competent.
  - dang 11y ago
    > Isn't the whole article pretty much basis for that For "declining to do any diligence about illegal behavior"? Of course not. Why did this topic come up in the first place? Re lack of diligence, it's astonishing how people jump to make mean, false statements without a second's pause to consider the obvious.

gohrt 11y ago

It's strange that you think that an investor who owns 7% of a company is "being serious" by declining to do any diligence about illegal behavior undertaken by management.