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why does ycombinator invest in companies that will compete against each other, isn’t that a conflict of interest
by moneywoes 2y ago
why does ycombinator invest in companies that will compete against each other, isn’t that a conflict of interest
- gadflyinyoureye 2y agoNope. That allows them to control the market. Find new ideas that could threaten the big 5 status quo. Fund them. Get them bought by one of the big five (making a good amount of money off that). Let the big five shutdown the competition. Conflict of interest only applies if you think they’re concerned with the public good. There is no assumption of that here. Every man for himself.
- 2024throwaway 2y agoAbsolutely not. Why would it be?