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Someone leaked an internal Bookface chat from Garry Tan (YC CEO) saying: We have asked Delve to leave YC. YC is a community, not just an accelerator. The
by everfrustrated 6mo ago
Someone leaked an internal Bookface chat from Garry Tan (YC CEO) saying:
We have asked Delve to leave YC.
YC is a community, not just an accelerator. The founders in our community have to trust each other, and we have to trust them. When that trust breaks down, there's really only one thing to do.
We're not going to get into the details publicly. We wish them well.
https://x.com/___4o____/status/2040271468874076380 https://x.com/___4o____/status/2040271468874076380
I have no direct knowledge of the accuracy of any of this. This is not my account.
- minimaxir 6mo agoThe text implies it’s more due to the alleged license violation of a YC startup’s IP than the alleged fraud.
- kstrauser 6mo agoReally? I know nothing about this other than what I've read here, but my first guess was the breakdown in trust means the allegations of fake audits.
- wahnfrieden 6mo agoIt is very clearly the fake audits.
- neya 6mo agoHi, sorry, just new to this entire story, could you please share light on the fake audits? Trying to understand what exactly happened.
- minimaxir 6mo agoI was half-joking, but if YC has a legal issue resulting from the alleged fraud (unclear currently), kicking out the company for the lesser infraction would make more sense.
- FreakLegion 6mo agoInvestors aren't on the hook for the bad behavior of companies they invest in. Quite the opposite: Defrauding investors (and acquirers, and creditors) is commonly the thing that lands people like Elizabeth Holmes in prison.
- rvnx 6mo agoYcombinator may have financially benefited from the scam operations since the company subsequently raised funds. Considering they do due diligence before investment and are experts in IT and legal, how could they not know what is the business model when it was the unique selling point ?
- FreakLegion 6mo agoBecause Delve defrauded them.
- rvnx 6mo agoYeah, yeah... of course, of course... like telehealth companies prescribing GLP-1 Ozempic/Wegovy where there is one doctor for 10000 patients. Totally sounds legit.
- BugsJustFindMe 6mo ago"They've betrayed my trust but I wish them well" is an interesting statement.
- margalabargala 6mo ago"I wish them well" is an idiom for "I never want to see them again". Kinda like "bless your heart", which means nothing of the sort.
- DANmode 6mo agobut should it be?
- huhkerrf 6mo agoWhy do non-Southerners keep insisting on this? Bless your heart can be said sincerely or ironically, like pretty much any other phrase.
- maxbond 6mo agoThe ironic usage makes for compelling dialogue and comports with stereotypes about Southerners as formal/restrained. So that's what ends up on television. At least that is how I think I came about having that impression.
- guzfip 6mo ago> So that's what ends up on television. Maybe 7-8 years ago I met an Iranian. They were genuinely shocked I wasn’t a cowboy hat wearing racist when I told them I was from the south. I grew up in the Atlanta area.
- margalabargala 6mo agoYou mean kinds like "I wish them well" here? My comment is an internet comment about idioms, not a comprehensive linguistic treatise. You seem like you're looking for something to be upset about. I wish you well.
- edm0nd 6mo ago[flagged]
- empathy_m 6mo agoIs this the first time Bookface screenshots have been published publicly?