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I still can't understand how YC funds competing companies. Where is the efficiency in that? You have your portfolio companies wasting time with (alleged) spies

I still can't understand how YC funds competing companies. Where is the efficiency in that? You have your portfolio companies wasting time with (alleged) spies and lawsuits. They say they just admit smart people. So 3 friends from MIT get in to YC, and at the first office hours said friends tell the YC partners they are working on a startup that starts startups. Awkward.

delish 2y ago
As the complaint says on page 4: https://rippling2.imgix.net/Complaint.pdf https://rippling2.imgix.net/Complaint.pdf Deel was founded in 2019 and, in Rippling's opinion, began competing with Rippling in 2022.
phpnode 2y ago
It’s rarely a case of winner takes all, and in this specific scenario both companies have grown into billion dollar valuations. Seems like it’s working for them, ignoring all the lawsuits
deleted 2y ago
[deleted]
Centigonal 2y ago
Rippling and Deel started by addressing different markets. They converged when they realized that there is a need for comprehensive payroll and people management software that's integrated with services like PEO and international staffing.
pilingual 2y ago
I've learned that no one at YC saw this coming. My bad. Also I thought YC was supposed to sniff out jerks, what happened to that? My point was merely that YC is about startups which are all about growth. There is no requirement for innovation. Maybe there should be more scrutiny on the idea of the founders. Don't let in people just because they are formidable and went to Berkeley. Reddit's original idea, ordering via cell phone, was arguably innovative for the pre-smartphone era.
- borski 2y ago
  > Also I thought YC was supposed to sniff out jerks, what happened to that? Did you also think YC was perfect?
  - pilingual 2y ago
    No, but this is a huge oversight on character judgement. There's a history of gloating here. So much so they named a podcast "The Social Radars." Back to the point: they should consider re-evaluating their admission process. Heads down coding, talking with users, selling -- choose two. https://www.youtube.com/watch?v=Gt9dnFp1M0E https://www.youtube.com/watch?v=Gt9dnFp1M0E
firefax 2y ago
>I still can't understand how YC funds competing companies. Where is the efficiency in that? I thought that's a core tenet of angel investing? Maybe not purposefully funding rivals, but funding many ventures with the knowledge many will fail while a few rise.

delish 2y ago

As the complaint says on page 4: https://rippling2.imgix.net/Complaint.pdf https://rippling2.imgix.net/Complaint.pdf Deel was founded in 2019 and, in Rippling's opinion, began competing with Rippling in 2022.

phpnode 2y ago

It’s rarely a case of winner takes all, and in this specific scenario both companies have grown into billion dollar valuations. Seems like it’s working for them, ignoring all the lawsuits

deleted 2y ago

[deleted]

Centigonal 2y ago

Rippling and Deel started by addressing different markets. They converged when they realized that there is a need for comprehensive payroll and people management software that's integrated with services like PEO and international staffing.

pilingual 2y ago

I've learned that no one at YC saw this coming. My bad. Also I thought YC was supposed to sniff out jerks, what happened to that? My point was merely that YC is about startups which are all about growth. There is no requirement for innovation. Maybe there should be more scrutiny on the idea of the founders. Don't let in people just because they are formidable and went to Berkeley. Reddit's original idea, ordering via cell phone, was arguably innovative for the pre-smartphone era.

borski 2y ago
> Also I thought YC was supposed to sniff out jerks, what happened to that? Did you also think YC was perfect?
- pilingual 2y ago
  No, but this is a huge oversight on character judgement. There's a history of gloating here. So much so they named a podcast "The Social Radars." Back to the point: they should consider re-evaluating their admission process. Heads down coding, talking with users, selling -- choose two. https://www.youtube.com/watch?v=Gt9dnFp1M0E https://www.youtube.com/watch?v=Gt9dnFp1M0E

firefax 2y ago

>I still can't understand how YC funds competing companies. Where is the efficiency in that? I thought that's a core tenet of angel investing? Maybe not purposefully funding rivals, but funding many ventures with the knowledge many will fail while a few rise.