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This is very similar to Lambda School, another YC backed startup that is doing very well. Lambda School went through the YC program just 1.5 years before YC dec
by rsweeney21 8y ago
This is very similar to Lambda School, another YC backed startup that is doing very well. Lambda School went through the YC program just 1.5 years before YC decided to back a competitor. Not cool. Good VCs will bow out if they have a conflicting investment. YC sets a great example for many policies, but I think they got this one very wrong.
Now, if I am applying to YC I'm going to have to consider that they will have access to sensitive plans, strategies, strengths, and weaknesses of my startup, and that they might inadvertently share that with a competitor in a later batch.
I'm sure they'll say they have a Chinese wall and don't share information, but YC as a company now has a conflict of interest.
Really makes you think twice.
- blairanderson 8y agowhere does YC state they will only fund a single company per vertical?
- rsweeney21 8y agoThey don't. That's my point. Most VCs won't invest in a competitor, but YC does. I think that's bad for founders.