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The way the law reads it looks like someone has to file a complaint. I doubt the NYC Commission on Human Rights has the manpower to scour the internet for viola
by gregjor 4y ago
The way the law reads it looks like someone has to file a complaint. I doubt the NYC Commission on Human Rights has the manpower to scour the internet for violations.
Agree that investors should not tolerate illegal behavior from their portfolio companies, but realistically VCs can't manage every day-to-day detail of their portfolio. And even when they do get involved they can't always control the management -- see Uber, for example. Sometimes the VCs provide the legal cover for questionable behavior because the potential profits outweigh the potential fines and risk of enforcement by well-intentioned but ultimately toothless laws, as I suspect the NYC law will turn out.
- JumpCrisscross 4y ago> doubt the NYC Commission on Human Rights has the manpower to scour the internet for violations New York City has no shortage of investigators with overlapping jurisdiction looking for troves of targets. > VCs can't manage every day-to-day detail of their portfolio These are job postings on Hacker News!