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Power corrupts, but it isn't instantaneous and it isn't as if there aren't good people who can resist that tendency. Y Combinator represents an aggregation of p
by stcredzero 9y ago
Power corrupts, but it isn't instantaneous and it isn't as if there aren't good people who can resist that tendency. Y Combinator represents an aggregation of power, and so it's likely that someone, somewhere will be tempted to abuse such power. The "lowest cost" and most likely form of this would be through a false accusation of someone who only has marginal standing.
You can say this for just about any organization which has power. This is why transparency is often a good check for power. In cases where transparency isn't practical, then there is the larger granularity of the market. Where this breaks down is in very acute concentrations of power. The realist view acknowledges that power is contextual, and that contextual abuses will happen. Sometimes the world is imperfect and you're going to have to leave for more peaceful pastures.
Throughout all of the above, you can recognize "the good" in their magnanimity and their protection of the dignity and rights of individuals -- even extending this to the accused. I forget who said it, but the true test of character is not in how someone treats those they need, it's how they treat those they don't need.
- tptacek 9y agoI think it's very reasonable to be concerned about the level of influence YC has amassed. I'm not super concerned because I had raised funds in the valley before YC existed and I'm pretty confident that YC is a massive improvement for founders. But either way: sure, YC is very powerful. I would just push back on the idea that it's somehow out of bounds for them to have lists of potential business partners they won't want to work with in the future. Businesses do this all the time. All YC has done here is actually told us about one of those lists.