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YC companies beware. YC "Continuity" will come talk to you to learn the ins and outs of your business and then go fund a non-YC competitor. The whole idea of th
by pissedycfounder 9y ago
YC companies beware. YC "Continuity" will come talk to you to learn the ins and outs of your business and then go fund a non-YC competitor. The whole idea of the fund was to use it to support YC companies at the next stage but now they're funding companies like Convoy that compete with YC companies like Flexport, while using their access to the YC businesses to do diligence. That's fine, normal investor behavior, but you can't treat YC like trusted insiders any more (prob never should have).
- deleted 9y ago[deleted]
- WisNorCan 9y ago“Flexport is a licensed freight forwarder that uses people and software to manage the complexity of international trade.” Do these companies really compete? It doesn’t seem like Convoy is focused on international trade. It also doesn’t seem reasonable that if YC funds one company in transportation (or healthcare or some other big sector), they can never fund another one in that sector.
- jamiequint 9y agoFlexport and Convoy are completely different businesses. Did this actually happen to you or are you just making up drama?