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I would've expected yc's mission statement to shed some light on how they justified funding a bookie. Turns out yc has no ethical/moral/etc grounds in their mis
by soared 8y ago
I would've expected yc's mission statement to shed some light on how they justified funding a bookie. Turns out yc has no ethical/moral/etc grounds in their mission or about us. Spend your money how you see fit, but I would've hoped you'd build some ethics into your business.
https://www.ycombinator.com/principles/ https://www.ycombinator.com/principles/
https://www.ycombinator.com/about/ https://www.ycombinator.com/about/
(For context - I've worked closely with a number of large betting websites like mybookie.ag. 100% of my contact with them has been toxic. My employer explicitly does not fire clients but an exception was made after I recorded a call with them. Similar situations occurred freelancing.)
- shrikant 8y agoYC funded a "crapware-bundling as a service" startup named InstallMonetizer. (And briefly had YCers defending this in comment threads on here) They'll do anything that potentially makes them money.
- slap_shot 8y agoWhat exactly is your qualm with them investing in this company? If you have a problem with gambling, take that up with your legislators. But I wouldn't expect you to have an issue with gambling, since you, ya know... literally earned a living working with the incumbents.
- soared 8y agoMy problem is not strictly with this company, I was just surprised to see that yc has not a single mention of ethics/morals/anything around what type of companies they'll invest in. Most big tech companies at a minimum put on a facade that they have ethics. edited for clarity
- everdev 8y ago> If you have a problem with gambling, take that up with your legislators Legal != Ethical It's perfectly reasonable for people to be upset about things that are legal. In fact, almost every new law originates under those conditions.
- biglenny 8y agoAnd what is unethical about betting in principle? You haven't provided an argument.
- glennon 8y agoYC states their lead ethical underpinning in the first line of their Founding Principles: "Startups are on balance a good thing." They go further in describing their goal to support and advise founders; and include phrasing about their philosophy of being "benevolent" to founders. Their Principles also describe prioritizing mission-driven endeavors over money. You or I may not share their ethics, but they have theirs.
- soared 8y agoThose are not ethics.
- cvolzer3 8y agoOut of curiosity, why do you view gambling as unethical and/or immoral?