3 ms·
It seems like YC has grown large and successful enough that it can shed some monetary value for the sake of greater social benefit. It has zero effect on me if
by sinker 6y ago
It seems like YC has grown large and successful enough that it can shed some monetary value for the sake of greater social benefit. It has zero effect on me if they grant 25k, 50k, 100k, 200k to groups. My argument and position is not that participating companies shouldn't receive more money. That I don't care about at all. My concern is that it's being expressed that YC should be acting in accordance to perceived social justice rather than as what it is and always has been, a startup incubator. The argument is that an amount of money like 25k is equivocal to YC practicing racial exclusivity because it's not enough money to cover the needs, expenses, and risk calculations of a financially and socially impaired person. In that case, what amount of seed money is not considered to fall under the practice of racial exclusivity? I think the accusation is flimsy in the first place, and no defined amount of money would allay those kinds of allegations.